Fox's Chris Aronson, president of domestic distribution, told a panel of journalists at CinemaCon that the studio had greenlit the sequel proposal and would be moving ahead with Tim Miller attached to direct again. Writers Rhett Reese and Paul Wernick — the "real heroes" of the film — are also on board to pen the sequel.
Deadpool, which has been a pet project of Reynolds for years and only moved forward after test screening footage was "leaked" at San Diego Comic-Con a couple of years ago, is one of the studio's most successful projects. It's officially the highest grossing R-rated film worldwide, earning more than $757.3 million since its release.
Reynolds has said previously that he had big plans for a sequel, including possibly bringing in more X-Men characters and expanding the universe. The actor is set to return for the sequel, but there's no word on when production will begin. Reynolds is already involved in pre-production on a few other projects, so don't expect the sequel anytime soon.
Deadpool is currently playing in theaters worldwide.