It looks like there is going to be arena football in 2010 after all.

According to the Associated Press, a news conference is panned for Monday to announce the formation of Arena Football 1, a league comprised of a combination of the former Arena Football League and arenafootball2 teams.

"When the AFL went bankrupt and dissolved the AFL, because the af2 was an arm of the AFL, af2 in a sense was dissolved as well," Troy Thompson, director of operations for the Arkansas Twisters, told the AP. "This is basically the af2 reforming itself, and then from there, whatever they're going to do with the remaining AFL teams that want to continue to play.

"There could even be an upper tier and a lower tier in Arena Football 1, almost like college football has a Division I and a Division II," the article quoted Thompson as saying. "Arena Football 1 could have a Division I and a Division II. That's still kind of unclear."

The AFL announced in early August that it was suspending operations for the '10 season after already having done so in '09, and a number of reports attributed the shutdown to the fact that no headway was being made on a modified business plan for the league.

Calls placed to the AFL and af2 league offices went to voicemail. Stay tuned for more on this story as it develops.