This emerging technology report delves into the role of ChatGPT, an OpenAI conversational AI, in language learning. The initial section introduces ChatGPT's nature and highlights its features, including accessibility, personalization, immersive learning, and instant feedback, which render it a valuable asset for language learners and educators alike. Subsequently, the paper discusses recent empirical studies investigating its impact, revealing that it is best suited to complement traditional instruction, forging a symbiotic relationship that empowers language learners. The report concludes with some limitations and associated challenges in utilizing ChatGPT within language learning contexts.