It’s official: Peyton Reed will sign on to direct the third “Ant-Man” film, slated to be released within the next five years, according to The Hollywood Reporter.

Reed previously directed “Ant-Man” and “Ant-Man and the Wasp.” Reed has signed on for the third film, which will take place in the Marvel Cinematic Universe.

Paul Rudd will return as Scott Lang in the new film, too. He’ll play the role for the fifth time — having also appeared in “Captain America: Civil War,” “Avengers: Infinity War” and “Avengers: Endgame” — unless he appears in any other Marvel Cinematic Universe films.

Sources told THR the film will shoot in the end of 2020 or beginning of 2021 with a release date of 2022. According to THR, the third “Ant-Man” film would shoot after “Doctor Strange in the Multiverse of Madness” and “Thor: Love and Thunder.”

There are no plot details yet. But Reed previously told ComicBook.com that the Quantum Realm would be a good starting place for the new movie.

“I think that was the case in the first movie, particularly when Adam McKay and Paul were reworking the script on the first movie,” Reed told ComicBook.com. “In that movie, we added the Quantum Realm and Janet and stuff like that knowing that if we were able to make a sequel that that could be fertile ground.”

He added, “There are definitely things in this movie that, if we’re fortunate enough to make another one, there’s a lot to play with. We spend more time in the Quantum Realm in this movie, obviously, than the first movie but it feels like we’re just dipping our toes into it.”

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