A newly formed depression in the Caribbean could enter the Gulf of Mexico as Tropical Sara next week, potentially reducing the chances it could pose a threat to Florida later in the week.

Tropical Storm Sara formed in the Caribbean on Thursday afternoon and is expected to curl into the Gulf of Mexico and steam toward Florida next week, though forecast models no longer anticipate it might power up to a major hurricane — if it even becomes a hurricane at all.

Tropical depression 19 officially formed Thursday morning, and now sits less than 90 miles away from the Nicaragua/Honduras coastline, prompting hurricane and tropical storm watches and warnings for those countries.