CBS' long-running daytime soap opera "The Young and the Restless," also popularly known as Y&R, is set to feature a drama-filled episode on Oct. 24, 2014. The story takes intriguing turns and twists with shocking new developments. The storyline of the upcoming episode revolves around popular couples including Victoria (Amelia Heinle), Billy (Burgess Jenkins), Chelsea (Melissa Claire Egan), Phyllis (Gina Tognoni) and more. Here are few spoilers from the next segment of "The Young and the Restless" (Y&R). Read on to find out what happens next. [Warning: Spoilers Alert!]

This article contains spoilers from Oct. 24 episode of "The Young and the Restless." Read at your own risk.

In the last aired episode of the show, fans saw Billy take a big step in his relationship with Chelsea. He tells her the three magical words. Hilary and Lily finally work to dissolve their differences. Lily's dislike towards Hilary starts to vanish gradually and is finally convinced that she is a nice person. However, something about Hilary on the day of Winters family reunion was very unusual. Her behaviour leads Lily to think that Hilary is pregnant. Is she really?

Elsewhere in Genoa City, in the Abbott house, Phyllis meets Kelly for the first time. She is introduced to Phyllis as an event planner at the Athletic Club and it doesn't go as smooth as Kelly anticipated.

Moving on to the next episode, TV Guide has presented a brief description about the upcoming segment, teasing exciting spoilers. Thing are going to get tensed between some popular "The Young and the Restless" couples. According to the media report, tension increases between the former couple Billy and Victoria. With Stitch's increasing closeness with Victoria, relationship of the ex husband and wife has been really effected. In the upcoming episode, Victoria meets up with Billy and "accuses" him of "causing trouble for Stitch." But is he the real reason behind all his problems?

Furthermore, the spoilers suggest that Phyllis is going to take charge of all the problems being faced by her and her family. "Phyllis takes matters into her own hands," reads the description. However, it remains to be seen what is this all about.

Meanwhile, CBS has released promo video for Oct. 24, 2014 episode of "The Young and the Restless" on its official YouTube channel. The video gives a glimpse at the upcoming episode showing how Austin tries to convince Phyllis of being a nice guy. However, it seems he has failed miserably. Elsewhere, Billy makes a big announcement to Victoria, and tells her that he is "moving in with Chelsea." The look on Victoria's face suggests she is not happy with his decision.

"The Young and the Restless" October 23 episode airs 12:30 p.m. on CBS. For more spoilers from "The Young and the Restless," read below:

Video: The Young and the Restless - Next On Y&R (10/24/2014)

Credit: YouTube.com/ The Young and the Restless

'The Young And The Restless' (Y&R) Spoilers For Oct. 22, 2014: Victoria Catches Stitch And Ashley's Secret Plus More Drama

'The Young And The Restless' (Y&R) Spoilers For Oct. 17, 2014: A Popular Couple Reignites The Love Plus More Drama

'The Young And The Restless' (Y&R) Spoilers For Oct. 10, 2014 Episode: Faith's Father Revealed