While some media sources revealed some possible plotlines on upcoming "Marco Polo" season 3, Netflix has already announced that it will no longer renew the web series. Some speculate that this was because of the ratings.

According to a report by Deadline, Netflix opted not to renew the drama series about the famous 13^th century merchant and explorer for a third season.

The series was reported to be attracted sizable viewership in its first season, earning a second season renewal, but the second season, released in July, was more quiet. Variety reported that "Marco Polo" has been cancelled by Netflix due to expensive costs of the production and rare ranks.

TV Line also wrote that "Marco Polo" was the only program that did not reach third season. First Season cost $90 million while on its second season, the production cost a total of $200 million if combined. It appears that the cost is the core reason for cancellation.

"We want to thank and are grateful to our partners on "Marco Polo" from the actors, whose performances were enthralling and top-notch; to the committed producers, including John Fusco, Dan Minahan, Patrick Macmanus, and their crew, who poured their hearts into the series; and of course Harvey, David and our friends at TWC, who were great collaborators from start to finish," said Cindy Holland, Netflix VP of Original Content.

"Netflix has been incredible to give us the room to make a series with a cast true to every principle of diversity. It's a bold network that allows you to do that and support us in the way that Netflix did," said Harvey Weinstein, Co-Chairman of The Weinstein Company. "As many people know, Asian history and the world of martial arts have fascinated me for all of my career - I've made many movies around these topics and this genre, and now this TV show I'm so proud of. John has been a great partner and we're both fascinated to continue exploring this exciting period in history on future projects together."

"Harvey and I have a love for this kind of history-we had a fantastic cast, fantastic creative team and crew, and shooting in Malaysia was a privilege," he said. "We're working on an idea right now in a similar space that we're very excited about," added Fusco, "Marco Polo"s creator and executive producer.

"Marco Polo" was launched in 2014. It was the first Netflix original series developed in the US for the global market. It was created by John Fusco and reported to be inspired by Marco Polo's early years in the court of Kublai Khan.