Chapter 475 of "Fairy Tail" is already online thanks to Manga Park. The chapter continues the battle in the Hargeon Southern Front where Carla, Wendy and Sherria faces Dimaria. Before any predictions on what would happen in the upcoming chapters, here is a brief recap of the latest events in the popular manga.
Ultear has finally shown herself as time stood still. Ultear used her power of time to remove the girls from the bounds Dimaria used against them. As Dimaria was shocked by the power of Ultear, the latter explained that she appeared because of the anomaly in time although she is only a mere projection.
The fight between Carla, Wendy and Sherria continues and even with a powerful initial attack, Dimaria survives and reveals her true power: Chronos, The God of Time. Chronos was about to attack Wendy when she was pushed by Carla but received the attack in return. Carla appears to have died but Ultear saves her by removing her from the time freeze.
Ultear, sensing that the girls cannot defeat Chronos in their state, offers them the "Third Origin" to defeat Chronos and save Carla. However, Ultear warns them that they can no longer use magic if they choose to use this power.
Wendy and Sherria are in a really difficult situation right now and Reddit forum users on the upcoming episode mostly agree on two possibilities: the girls would take the offer or Sherria would take the offer while Wendy takes a backseat to help Carla and Sherria after the battle. Another interesting possibility is the appearance of Acnologia.
User Mazginoo speculates, "Remember when God Serena showed his powers? He destroyed all the 4 wizard saints like they were nothing. Acnologia felt his powers and came to the east side of the war and pawned him like he was nothing but dust."