As TWICE’s second contract renewal negotiations continue to dominate headlines, five members have recently become the focus of growing speculation regarding their future with JYP Entertainment.

Although JYP Entertainment has stressed that discussions with the members are still ongoing, a series of media reports and online speculation has fueled questions about whether some members could choose to manage their individual careers outside the company while continuing to promote as TWICE.

Here is a closer look at the five members who have been linked to possible agency changes.

1. Jihyo

TWICE leader Jihyo has become the latest member rumored to be considering a new direction for her solo career.

According to an exclusive report from Joy News24, Jihyo is reportedly leaning toward leaving JYP Entertainment to establish her own one-person agency.

The report claims she has recently been meeting with various entertainment industry figures while evaluating her options for the future. If the reports prove accurate, Jihyo would reportedly manage her individual activities independently while continuing to participate in TWICE’s group promotions.

Neither Jihyo nor JYP Entertainment has officially confirmed the report.

2. Tzuyu

Among all the members, Tzuyu has attracted the most attention.

According to reports from News1, the Taiwanese star has reportedly decided not to renew her exclusive contract with JYP Entertainment after spending 11 years with the company.

Despite the reported departure, media outlets claim Tzuyu is still expected to continue participating in TWICE’s activities through a separate agreement, allowing her to remain part of the group while pursuing individual activities under different management.

JYP Entertainment has acknowledged that contract discussions are ongoing but has not confirmed any final decisions.

3. Jeongyeon

Jeongyeon has also become the subject of agency rumors after reports revealed that she held a private meeting with Varo Entertainment, the agency representing actor Byeon Woo Seok.

The meeting sparked speculation that Jeongyeon may be preparing to focus more seriously on an acting career by joining an agency with greater expertise in managing actors.

A representative from Varo Entertainment confirmed that the meeting took place but emphasized that no contract agreement has been reached.

4. Chaeyoung

Reports have also linked Chaeyoung to meetings with several outside entertainment companies.

Unlike some of the other rumors, speculation surrounding Chaeyoung is less about leaving TWICE and more about expanding her creative opportunities.

Industry reports suggest she may be seeking greater freedom to pursue interests such as fashion, visual art, songwriting, and other creative projects, areas in which she has long expressed personal interest.

No official announcement regarding her future has been made.

5. Sana

Unlike the other four members, Sana has not been reported to have met with any outside agencies.

Instead, speculation surrounding her began after she shared emotional messages with fans on Bubble following TWICE’s recent world tour.

In her messages, Sana reflected on her career, saying she felt grateful to have become a member of TWICE and expressing how much she still loves the group.

Those heartfelt comments led some fans to wonder whether she was preparing for a significant career change.

The speculation intensified after several members became emotional during TWICE’s final Seoul concert.

However, there has been no credible report or official information suggesting that Sana plans to leave either JYP Entertainment or TWICE.

JYP: “Negotiations Are Still Ongoing”

As speculation continues to spread across online communities, JYP Entertainment has maintained that contract renewal discussions with the members are still in progress.

The agency has not confirmed reports regarding any individual member’s future and has stated that official announcements will be made once negotiations are complete.

For now, the future of TWICE remains uncertain.

While several members are reportedly exploring different options for managing their solo careers, none of the rumors necessarily indicate plans to leave the group itself. In recent years, many K-pop artists have successfully continued group promotions while signing with different agencies for their individual activities.

Until JYP Entertainment releases an official statement, the reports surrounding Jihyo, Tzuyu, Jeongyeon, Chaeyoung, and Sana remain a mixture of media reports, industry speculation, and fan discussion rather than confirmed decisions.