The Young and the Restless (Y&R) spoilers for Wednesday, January 21, reveal that Jack Abbott (Peter Bergman) and Nikki Newman (Melody Thomas Scott) will get caught in a scandalous moment while Sally Spectra (Courtney Hope) strikes back after an infuriating discovery.

For starters, Phyllis Summers (Michelle Stafford) will offer Cane Ashby (Billy Flynn) more reassurance about their alliance.

It’s risky for Phyllis to go down this road with Cane since she could lose her children if she’s not careful.

Daniel Romalotti Jr. (Michael Graziadei) and Summer Newman (last played by Allison Lanier) will no doubt lash out at Phyllis soon, but she’ll remain convinced that she can do damage control.

Phyllis’ eye will still be on the prize, so she’ll look forward to taking over Newman Enterprises alongside Cane.

However, Chelsea Lawson (Melissa Claire Egan) will launch a confrontation with Phyllis eventually and try to get under her skin.

There’ll be some button pushing on both sides during Phyllis and Chelsea’s upcoming showdown at Crimson Lights.

As for Sally, she’ll disapprove of Billy Abbott’s (Jason Thompson) choices.

It sounds like Sally will find out Billy’s going to move forward with a Chancellor deal and get tangled up in Cane’s Newman takeover.

Although part of Sally won’t be surprised, another part of her will feel like Billy’s blindsiding her.

Billy may give Cane a “yes” without consulting Sally and leave her feeling like her opinion doesn’t matter to him at all.

At the Newman ranch, Y&R may leave viewers in the dark on how exactly Victor Newman (Joshua Morrow) chose to handle Matt Clark (Roger Howarth) – at least for now!

Nevertheless, there’ll still be tons of Newman-related drama since Victor’s going to stumble upon a private moment between Nikki and Jack.

As Jack comforts Nikki over the AI attack news, he’ll pull her into a warm embrace.

That’ll give Victor a chance to walk in on the exes looking way too close from his point of view.

The Young and the Restless spoilers say Victor will blow his top and deliver a warning to Jack by midweek, so stick with us for updates on the faceoff that’s looming.