The claim is true because multiple 2026 reports identify War of the Dragon: The Wheel of Time, a new board game from Dire Wolf, as scheduled for release in 2027, although this is not a confirmed fourth television season.
The Wheel of Time is scheduled to return with a new installment in 2027.

‘The Wheel of Time’ Officially Sets New Release for 2027
Source: collider.com
Key Evidence
CBR, ScreenRant, and Collider all identify War of the Dragon: The Wheel of Time as a forthcoming 2027 release.
Collider's report specifically concerns the board game, and ScreenRant noted that an exact release date had not yet been finalized.
The available evidence supports a 2027 franchise installment, not the return of the canceled Prime Video television series.
What the Evidence Shows
The evidence supports the core claim that The Wheel of Time franchise is expected to receive a new installment in 2027. The reported installment is War of the Dragon: The Wheel of Time, a board game developed by Dire Wolf. Collider reported that the game is set for 2027 release, while CBR and ScreenRant also described the title as the franchise's next release.
The wording requires an important clarification. The sources do not establish that the Prime Video television series will return in 2027. In fact, the IMDb item citing TVLine reports that there were no plans to move the canceled series to another platform. Separate reports from Collider and CBR discuss longer-term franchise projects, including an animated series, feature films, and a video game, but those reports do not provide a confirmed 2027 release date for those projects.
There is also a minor disagreement about timing. ScreenRant reported that the game was expected to begin shipping at the start of 2027 and separately described a January 2027 return, while another ScreenRant report said the developer had not set a concrete release date. The more cautious interpretation is that the game is scheduled or expected for release in 2027, but its exact launch date remains uncertain.