BTS's V, also known as Kim Taehyung, has recently completed his mandatory military service in South Korea, and excitement is building among fans regarding his future projects. Discharged on June 10, 2025, after serving in the Special Duty Team, V quickly took to social media and Weverse to connect with his devoted ARMY. A recent livestream has sent the internet into a frenzy, with fans speculating that V's cryptic comments hint at a role in the highly anticipated Squid Game Season 3.

The speculation began when V, during his Weverse live, mentioned being intensely focused on a new project, stating, "Maybe if we wait a little longer, I think it'll come out. But it's not really a big deal. Oh, but to me, it's actually a huge deal." This seemingly innocuous comment ignited a wave of theories, with many fans pointing to a potential cameo in Squid Game Season 3, which is premiering on Netflix this Friday, June 27th.

Fueling the fire is the fact that V has openly expressed his admiration for Squid Game in the past. Eagle-eyed fans also recalled V dressing up as a Squid Game guard during BTS's Permission to Dance on Stage concert in December 2021, interpreting this as a subtle hint. Moreover, V's connections with the Squid Game cast, including his friendship with lead actor Lee Jung-jae and sightings with Im Si Wan, have further solidified the rumors.

Adding to the intrigue, when Squid Game stars Lee Jung-Jae and Wi Ha-Joon were asked in an interview earlier this year about the possibility of V joining the cast, they remained tight-lipped, offering a "no comment" which many fans took as a tacit confirmation.

Squid Game Season 3 is set to be the final season of the series, and anticipation is exceptionally high. Creator Hwang Dong-hyuk has teased a darker, more bleak tone, suggesting that the ending may not be a happy one. Given V's interest in acting and the suspense surrounding Squid Game's finale, the timing seems perfect for a surprise cameo. Some fans speculate that if V appears, it will be in Episode 3, a point in the series where new characters, including masked enforcers and members of the game's inner circle, are introduced.

Beyond the Squid Game buzz, other theories about V's upcoming project have surfaced. Some suggest that he may be following in the footsteps of fellow BTS members J-Hope and Jin by releasing new solo music post-military service. Others speculate that V might venture into entrepreneurship with a clothing line or other merchandise.

Prior to his military service, V showcased his acting talent in the historical K-drama Hwarang: The Poet Warrior Youth (2016) and IU's music video Love Wins All (2023). In Hwarang, he played the role of Hansung, a naive and well-intentioned warrior. His performance in IU's music video was lauded for its emotional depth and natural expressions, reminding audiences of his potential as an actor. V himself has mentioned his desire to explore thriller genres in acting.

Adding another layer to the speculation is V's recent dinner with acclaimed director Park Chan-wook, known for films like Oldboy and The Handmaiden. This meeting has led to rumors of a potential film project, further fueling the excitement surrounding V's return to the entertainment scene.

Whether V's "big deal" project turns out to be a Squid Game cameo, a solo music release, a film collaboration, or something else entirely, ARMYs are eagerly awaiting his next move, ready to support him in whatever endeavor he chooses to pursue.