In spite of fans' hopes, comedian John Oliver will not replace Jon Stewart on "The Daily Show." The British comedian will continue his own show on HBO after the network confirmed he would continue with his current show "Last Week Tonight."

In a statement, HBO announced on Tuesday that Oliver will continue with the network, and his show "Last Week Tonight with John Oliver" would be renewed for two more seasons. The show has returned for Season 2, and the contract renewal means Oliver will not replace Stewart when he steps down from "The Daily Show."

Michael Lombardo, president of HBO Programming, said in the statement he is happy the show will continue on for two more 35-episode seasons. The projected Season 4 will air on 2017.

"We are incredibly proud to have John as part of the HBO family," said Lombardo. "His unique ability to deliver socially significant commentary week after week, along with his innate comedic brilliance, puts John in a class by himself."

Stewart announced earlier this month this would be his last year hosting the Comedy Central satirical news show.

Despite not rejoining "The Daily Show," this time as host, Oliver has given his input into who perhaps would be best suited to replace the veteran presenter and comedian.

According to Time, Oliver went on "The Tonight Show with Jimmy Fallon" and explained that Stewart's best replacement was a hologram of Stewart.

"How about Hologram Jon? Because he's said almost every word in the English language," Oliver said Tuesday night. "If you can put Oliver Reed in a film that he wasn't in, surely you can just have Hologram Jon, like Tupac, hosting the show every night."

Rumors have been circulating over who should replace Stewart when he leaves. President of Viacom Entertainment Group, which owns Comedy Central, Doug Herzog said "there's a short list" of potential replacements, according to The Associated Press. However, he has yet to name any names.

"It's not easy. The shadow of Jon Stewart is going to loom large," Herzog said. "What you have to get comfortable with is, it's just not going to be Jon Stewart. And it's going to be different."