Jonathan Frakes believes that "Star Trek: Picard" created a pathway for more stories about these beloved characters. Showrunner Terry Matalas doesn't disagree with this sentiment either, as he told TVLine following the series finale. However, he said that the reality of a new show depends on certain variables matching up.
"Well, really, it was an ending to Picard, which was a proper beginning. That was what was designed to be the most satisfying thing: the passing of the torch. So, having said that, it does feel like something new, with Captain Seven and her crew. It feels like a new mix. I don't know how much everyone would be involved, but it definitely feels like a mix and match of old legacy and new."
Despite the tease, Matalas added that there are no immediate plans to continue the "Star Trek: The Next Generation" story. The "Picard" showunner said that the ending was created to give fans something to contemplate despite the unlikelihood of those dreams ever being realized. However, his words suggest he's open to the idea if the cast members are keen on reprising their roles.