We have our next 'Bachelor,' ladies: It's Chris Soules!

Word was that 'Bachelorette' contestants Soules and Arie Luyendyk Jr. were both vying for the role. Last night, Luyendyk tweeted that he was out -- and hinted that Soules, a farmer from Iowa, was in.

Though ABC has yet to officially announce Soules as the Bachelor, Us Weekly confirms the exciting news about the single hunk, who was a fan favorite on the last (Andi Dorfman's) season of the 'Bachelorette'. Soules was such a favorite, in fact, that he was asked out by a fan during the taping of the men's tell-all episode!

Luyendyk competed for Emily Maynard's heart on the show in 2012, ultimately becoming the runner-up. And while he's a little bummed that he wasn't chosen to be the next Bachelor, Luyendyk has made peace with it, tweeting:

We're super excited to see Chris Soules as the Bachelor, and can't wait for next season!

'Bachelor' fans, what do you think of Chris Soules as the next Bachelor?