Heidi Klum and Tim Gunn have announced they will not be part of Bravo's revamp of Project Runway for 2019 but they're launching a reality series of their own with Amazon instead.

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Bravo announced in May that Project Runway would be coming back to its original home on Bravo for Season 17 after being on Lifetime for 10 years. However, whether Project Runway's longtime co-hosts, Heidi and Tim, would be a part of the show's new "evolution" remained unclear.

Well, Heidi and Tim have confirmed they will not be participating in Project Runway next year but have an exciting new project up their sleeves -- developing a global reality series for Amazon Prime.

The new fashion reality series will premiere in over 200 countries and territories. While details have yet to be released, Tim and Heidi have committed their expertise to the show and will continue their impressive 14-year work relationship.

"After 16 incredible seasons, I am saying 'Auf Wiedersehen' to Project Runway, a show that I was honored to host and help create. I am incredibly proud of the show, and it will always have a special place in my heart. I am so appreciative of the dedicated fans, and most of all, I am grateful that we could shine a light on creativity and help launch so many talented designers' careers," Heidi said in a statement.

"I'm most excited that my journey with my dear friend and colleague, Tim Gunn, is far from over. We will be partnering with Amazon for a new show, and we're excited for everyone to see what we're designing next!"

The series will be "a fresh take in the reality space" and appeal to those entertained by "competition, storytelling, and authenticity," according to Amazon Prime Video.

Additionally, Amazon Fashion will create a shoppable experience for viewers, resulting in an intersection of content, commerce, and technology catered to a generation that embraces live streaming.

"I am grateful to Project Runway for putting me on a path I never, in my wildest dreams, thought my career would take me! I am so proud to have been a part of the groundbreaking process that showcased talented young designers as never before," Tim said in a statement.

"Most importantly, I am indebted to our incredible fans, they are the heart and soul of what we do, and continue to inspire us to raise the bar in this arena. I'm excited for them to see what's next, as I partner with Amazon and Heidi Klum on our next great 'fashion' adventure."

The head of Amazon Studios, Jennifer Salke, gushed about how Heidi and Tim have become an "iconic pop culture duo."

"Heidi completely changed the television landscape by developing a competitive reality fashion series that was unproven and different from what was popular on-air," Jennifer explained.
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"The show became wildly successful... Their drive to deliver fashionably entertaining, engaging and trendsetting content speaks for itself, and we believe their next iteration in this space will find an even larger audience on our global Prime Video runway."

Bravo launched Project Runway in 2004 and aired it through 2008 before Lifetime obtained it in a high-profile, five-year deal.

The revamped season of Project Runway on Bravo will once again be produced by Magical Elves, who produced the show when it originally aired on Bravo. Magical Elves, however, did not follow the series for its Lifetime run.