diff --git a/README.md b/README.md
index 5f28e672..7e74e287 100644
--- a/README.md
+++ b/README.md
@@ -78,6 +78,23 @@ The name of executable for this project has been chosen to remain `fortls`
 to allow for integration with pre-existing plugins and workflows, but it could
 change in the future.
 
+## Future plans
+
+`fortls` has reached a point where it is feature complete and stable enough to be used in many modern Fortran projects without any issues.
+It does however still have fundamental limitations,
+namely its ability to understand all Fortran syntax and semantics that has been used throughout the 65+ years of the language. **The good news is that we have a plan to address this issue!**
+
+We are excited to announce that we are working on creating a new Fortran Language Server
+based on the actively developed [LFortran](https://lfortran.org/) compiler 🎉.
+The new Language Server will be able to understand all Fortran syntax, be faster,
+and give more accurate autocompletion, hover and diagnostic information. That means we plan on investing any future funding on creating our new language server and ultimately creating a better user experience for everyone.
+
+<!--  Have a look at our roadmap (link) and consider contributing to our efforts (donations and contribution tasks link).  -->
+
+### What about `fortls`?
+
+Not to worry, `fortls` will continue to be here. We will keep `fortls` in maintenance mode with bug fixes and new features from volunteer contributors, but otherwise we will be focusing our efforts into making the new LFortran language server a reality.
+
 ## Installation
 
 ### PyPi