Jon Watts in Talks to Direct Spider-Man: Far From Home Sequel, Deal Nearly Finished

Now that Disney, Marvel and Sony have resolved their issues for the Spider-Man film franchise, for now at least, talk can move on to the third film’s upcoming production, and it appears things are already moving along steadily. Deadline reports that Spider-Man: Homecoming and Spider-Man: Far From Home filmmaker Jon Watts is in talks to helm the third film in the trilogy.

Per the report, Watts’ deal to return is expected to be completed soon. The news comes after Disney/Marvel was able to come to terms on a co-financing deal for the picture. Sony and Disney wanted to figure out their co-financing agreement before signing a new deal with Watts. Under the new Disney/Sony co-financing deal, Marvel Studios is expected to retain their merchandising rights and receive 25% of the gross of the next Spider-Man film. Additionally, Marvel/Disney will put up an equal share of the financing for the picture.

Watts wasn’t a lock to return before the Sony-Disney deal was resolved. The filmmaker was picked by producer Kevin Feige to direct the latest Spider-Man reboot after his work on the 2015 film Cop Car. Homecoming went on to gross $880 million worldwide. The sequel, also directed by Watts, went on to make $1.13 billion worldwide. It became the highest grossing movie ever for Sony Pictures.

The third Spider-Man movie does not yet have an official title or release date. Tom Holland is attached to reprise his role as Spidey/Peter Parker. The character will also be allowed to appear in an additional Disney/Marvel film.