Holo and Lawrence are back on the road. Anime News Network reports that Spice & Wolf: Merchant Meets the Wise Wolf — Passione's 2024 reboot of the beloved economics-and-romance series — will get a second season in 2027. The announcement landed alongside word that Isuna Hasekura's 25th light novel volume ships October 9, so the source keeps growing right as the anime plans its next leg.
Quick answer
Spice & Wolf: Merchant Meets the Wise Wolf Season 2 is set for a 2027 debut, animated by Passione with chief director Takeo Takahashi returning and Kevin Penkin (*Made in Abyss*) back on music. Core cast returns: Jun Fukuyama as Kraft Lawrence, Ami Koshimizu as Holo, and Mai Nakahara as Norah. Season 1 ran 25 episodes in 2024 and streamed on Crunchyroll (sub and dub). According to SenpaiRanks, the reboot registers on both the Consensus and Quality boards — the merchant-drama fans and the "does it hold up" crowd read it differently, and the dual axis shows both.
Who's making it
Passione handles production again, with Takahashi steering as chief director alongside Hijiri Sanpei, Nobuyoshi Nagayama and Takahiro Majima. Character designs stay with Koji Haneda and Rina Sugimoto. Keeping Penkin on the score matters — his folk-inflected work was a big part of why the 2024 reboot felt like a faithful modernization rather than a cash-in.
Source material
This is one of light-novel publishing's steadiest franchises. Hasekura has been writing Holo and Lawrence's ledger-and-heart journey since 2006, with Jū Ayakura on illustrations; volume 25 arrives October 9. If you like the "smart travelers talking their way through medieval trade" energy, it sits close to our best fantasy anime, ranked picks and the light-novel comfort of Ascendance of a Bookworm.
Catch up before 2027
Season 1 is the whole pitch. Here's the reboot trailer for the tone:
You can check the live dual-axis read on its ranking page and rate it yourself, and the confirmed second-season entry is already tracked for when episodes land. Our fall 2026 watch guide covers what to stream in the meantime.
Frequently asked questions
Q: When does Spice & Wolf: Merchant Meets the Wise Wolf Season 2 release?
A: In 2027, per Anime News Network. No exact month has been given.
Q: Where can I watch Spice & Wolf?
A: Crunchyroll streamed Season 1 with both subtitles and an English dub.
Q: Is it the same studio and cast?
A: Yes — Passione returns, with Jun Fukuyama as Lawrence and Ami Koshimizu as Holo.
Q: How many episodes was Season 1?
A: Twenty-five episodes, which aired in 2024.
Q: Is Spice & Wolf worth watching?
A: If you like slow-burn romance and actual economics, yes. SenpaiRanks tracks it on both Consensus and Quality — rate it to compare your take with the board.