As Spider-Man: Homecoming heads into its third weekend of release with nearly $473 million in its coffers, director Jon Watts has begun negotiations with Sony and Marvel Studios to return for the untitled sequel.

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Watts, who before Homecoming was best known for the low-budget Clown and Cop Car, only recently said that he hadn't committed to the 2019 follow-up.

“For me it’s one movie at a time,” he explained. “I can’t wait to see [Avengers] Infinity War because I know what they’re doing but I don’t know the specifics. I feel like with Tom and with Spider-Man in this Marvel universe we’re just scratching the surface of what we can do.”

However, star Tom Holland insisted at the time that the filmmaker would return. “We can’t do another Spider-Man movie without Jon Watts," he said.

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The sequel to Spider-Man: Homecoming arrives July 5, 2019, just two months after Marvel's Avengers 4, and will pick up right after the events of that film. Marvel Studios President Kevin Feige has said the studio envisions a five-part story for Tom Holland's Peter Parker, beginning with Captain America: Civil War and continuing through Homecoming, Avengers: Infinity War, Avengers 4 and the untitled Spider-Man sequel.

In theaters now, Spider-Man: Homecoming stars Tom Holland, Michael Keaton, Zendaya, Donald Glover, Jacob Batalon, Laura Harrier, Tony Revolori, Tyne Daly, Bokeem Woodbine, Marisa Tomei and Robert Downey Jr.

(via The Hollywood Reporter)