using canonical correlation analysis (CCA). To test its applicability and to investigate its related potential predictability, a perfect empirical model was first constructed with observed datasets as predictors. Next, a model output statistics (MOS)-type hybrid dynamical-statistical model was developed, using products from nine one-tier climate models as inputs. It was found that, with model sea-level pressure (SLP) and 500 hPa geopotential height (Z500) as predictors, statistically downscaled MME (DMME) precipitation and temperature predictions were substantially improved compared to those based on raw MME outputs. Limitations and possible causes of error of such a dynamical-statistical model, in the current framework of dynamical seasonal climate predictions, were also discussed. Finally, the method was used to construct a dynamical-statistical system for 6 month-lead drought predictions for 60 stations in South Korea. DMME was found to give reasonably skillful long-lead forecasts of SPEI for winter to spring. Moreover, DMME-based products clearly outperform the raw MME predictions, especially during extreme wet years. Our results could lead to more reliable climatic extreme predictions for policymakers and stakeholders in the water management sector, and for better mitigation and climate adaptations. Keywords Multi-model ensemble (MME) · Downscaled MME (DMME) · Statistical downscaling · Bivariate and pattern-based downscaling · Drought prediction · Hydrological drought · Standardized precipitation evapotranspiration index (SPEI) · Temperature and precipitation