Paddington, the marmalade-loving Peruvian bear, is making his way back to the big screen.

Representatives from Studiocanal, the production company behind the first two Paddington films, revealed to Variety it is currently developing a third Paddington movie.

We can confirm Studiocanal is working very hard on film 3 with the utmost craft and care — as with film 1 and 2,” the reps said (via Variety).

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The first two Paddington movies were considered as global box-office successes, Variety reports, as they grossed a combined total of over $500 million worldwide.

Both films are held in high critical esteem as well with each movie holding higher than a 95% critics score on Rotten Tomatoes.

According to Entertainment Weekly, Paul King, the director responsible for the first two Paddington movies, likely won’t return to the director’s chair for the new movie, though he will reportedly still be involved in some capacity, according to Variety.

King is currently working on “Wonka,” an origin story about the famed fictional chocolatier, which is expected to be released in March 2023, Variety reports.

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Though his return has not yet been confirmed, Ben Whishaw, the actor who voiced the beloved CGI bear in the first two movies, told Entertainment Weekly in 2018 that he would happily return for a third film.

“I absolutely love doing Paddington,” Whishaw said. “It takes a lot of time, and each time I’ve done it, it’s taken the better part of a year. But … I would love to do another one.”

After the news of “Paddington 3” initially broke Thursday, Buzzfeed reports that several fans of the franchise took to Twitter to share who they think would be a suitable villain to face off against the bear in the new movie.

The first two Paddington films boasted A-listers as their antagonists with Nicole Kidman playing Millicent Clyde, a villainous taxidermist in the first movie, and Hugh Grant, who played Phoenix Buchanan, a devious actor and thief in the second.

Here are a few names fans suggested:

Looper reports that details surrounding the new movie’s production timeline and release dates are currently unknown.