User blog comment:ILuvAnime/Fairy Tail continue after episode 175/@comment-62.140.137.102-20131127095509/@comment-7418318-20131128120834

It would be, but with the production team staying tight-lipped so far, we just don't know.

The only thing that was confirmed officially is that there will be a continuation, but that's all there was.

And season 2 (Episode 49-96) has been out for quite some time, so that's the wrong term there.