According to Shadow and Act, Angela Bassett will indeed return for the next season of FX'sAmerican Horror Story, which will be titled Freak Show. Set in Jupiter, Florida, in 1950, Freak Show finds Jessica Lange
playing a German ex-pat who is managing one of the last freak shows in
the USA. Her group of freak show performers include Bassett along with
returning stars, Kathy Bates, Sarah Paulson, Evan Peters, and Frances Conroy - all acts whom Lange’s character has rescued, and who will do anything to make sure that their business sticks around.
Sidebar: I tried to get into American Horror story but it's a bit too demonic for me. I can't watch stuff like that too late. I don't play with that spiritual stuff. It's a bit too dark for my taste. But Angela Bassett is brilliant in it!