I certainly wouldn't doubt it. It's still drawing good numbers for CBS. A website, NextSeasonTV, did say it had not been renewed or canceled for this season.
Back in 1986, there was the possibility CBS would cancel Price as it followed Press Your Luck and they just didn't think it was worth shelling good money out to Price at that point. But they changed their minds after they greenlighted the Card Sharks revival, giving them back-to-back Mark Goodson shows. PYL got bumped to late afternoons.