Another project! Ryan Seacrest 'will produce the CBS comedy Squad Goals about twentysomethings that try to focus on life after college'

Published: 15:02 EST, 16 October 2015 | Updated: 16:21 EST, 16 October 2015

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Ryan Seacrest is producing a new CBS sitcom, Variety reported on Thursday.

The 40-year-old star will serve as executive producer of the new series Squad Goals, a multi-camera comedy to focus on post-college life.

The TV icon is best known for hosting American Idol and for heading up his radio show On Air With Ryan Seacrest.

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Another deal: Ryan Seacrest, 40, has signed to produce the new CBS sitcom, Squad Goals, according to Variety; here he is seen in September

Seacrest - who earlier this year worked on the failed Knock Knock - will share executive producer credit on the new series.

Squad Goals will be produced as part of an ongoing overall deal between Seacrest Productions and CBS.

The show's twentysomething subject matter will be the work of thirtysomething screenwriters Lindsey Rosin and Aaron Karo. Squad Goals represents their first major network sale.

Rosin and Karo will join Seacrest in co-exec credits, along with Nina Wass of Seacrest Productions.

His new co-workers: Seacrest will share executive producer credit on the new series Squad Goals. The show's twenty-something subject matter will be the work of thirty-something screenwriters Lindsey Rosin and Aaron Karo; here Lindsey Rosin, right, is pictured with her Cruel Intentions producing partner Jordan Ross

Stand-up effort: Karo was the subject of a 2010 Comedy Central special Aaron Karo: The Rest Is History

Rosin recently directed the LA-based musical adaptation of the 1999 film drama Cruel Intentions.

Karo, a stand-up comic, was the subject of a 2010 Comedy Central special Aaron Karo: The Rest Is History. He also authored the 2012 YA novel Lexapros and Cons, which featured the exploits of an OCD high school student.

Their new series Squad Goals, loosely inspired by the writers' own experiences, is expected to mirror a developing trend among young adults, many of whom have delayed traditional 'growing up' rites well into their thirties.

Seacrest's squad: The prolific producer with his own squad - the cast of American Idol Season 14; that's (from left to right) Keith Urban, Jennifer Lopez and Harry Connick Jr with him

The title, as well as the single word 'squad,' refers to a social media hashtag made popular by pop star Taylor Swift.

The singer has often used the phrase to describe her pack of friends.

Seacrest launched his A-list producing career in 2006, signing an E! Network deal estimated at $21 million.

She's back: Lopez, 46, shared this image on the set of American Idol earlier this week

His production duties with the network include E! News, as well as the channel's various red carpet awards shows.

Seacrest's company, Ryan Seacrest Productions, has served as producer of the reality series Keeping Up With The Kardashians, as well as its spin-offs Khloe And Lamar, Kourtney And Kim Take New York, and Kourtney And Khloe Take Miami.

The company also produces On The Air With Ryan Seacrest, a syndicated morning radio series heard on over 130 stations.