Outgoing House Speaker Nancy Pelosi (D-Calif.) says she intends to back Democratic Whip Rep. Jim Clyburn (S.C.) for a new third-ranking leadership post next week.

In a statement released late Friday night, Pelosi signaled an end to the ongoing battle between Clyburn and Democratic Leader Steny Hoyer (Md.) to be the next House Minority Whip -- the second-ranking leadership position in the minority.

"Should I receive the honor of serving as House Democratic Leader, I will nominate Congressman Jim Clyburn of South Carolina to the number three leadership position," Pelosi said in a statement sent to reporters at 11:01pm.

According to a leadership aide, the No. 3 position will be a new post with portfolio and title to be determined.

Under this arrangement, Hoyer will move to Minority Whip, Clyburn will take on the new role and current Democratic Caucus Chairman John Larson will likely remain in that role.

The announcement caps a week-long race between Hoyer and Clyburn, who were both competing to be the Minority Whip.