After years of anticipation, details are slowly leaking out about what audiences can expect from Deadpool 3. It's already been confirmed that Shawn Levy will helm the film, reuniting with star Ryan Reynolds after working together on Free Guy and The Adam Project. The plot will integrate the Merc with the Mouth into the Marvel Cinematic Universe and, most tantalizingly, will feature the return of Hugh Jackman as Logan, marking the big-screen team-up of Deadpool and Wolverine that fans have been dreaming of.
However, with these lofty ambitions, the question remains of what form the story will take. Marvel may have indirectly given away the answer, with reports claiming that Owen Wilson will co-star in the film, reprising his MCU role as Mobius M. Mobius. Given what's known about the character, it does give rise to some theories about where -- or when -- Deadpool 3 will go.
Where Owen Wilson's Mobius Has Been in the MCU
Mobius debuted in the first season of Loki as a member of the Time Variance Authority, a cosmic bureaucracy dedicated to maintaining the integrity of "the Sacred Timeline" and preventing any event that might branch off and recreate the multiverse. Although an experienced and dedicated agent, Mobius begins to doubt the efficacy of the TVA's mission. That comes to a head when Mobius helps Loki (Tom Hiddleston) and his variant Sylvie (Sophie Di Martino) track down the TVA's leader, He Who Remains (Jonathan Majors), a variant of the MCU's next arch-villain, Kang the Conqueror. Sylvie kills He Who Remains, altering the history of the TVA and reigniting the multiverse.
While Kang's incursion into the MCU will truly begin in Ant-Man and the Wasp: Quantumania, the fallout from Loki has been explored at various points across Phase Four. Seeing parallel realities was not only the jumping-off point for What If...? but Spider-Man: No Way Home and Doctor Strange in the Multiverse of Madness as well. Those projects saw actors from Marvel movies outside the MCU reprise their roles, including Tobey Maguire and Andrew Garfield as dimensionally-displaced Spider-Men and Patrick Stewart as X-Men leader Charles Xavier, which brings the conversation back to Wolverine.
What Mobius' Return Means for Deadpool 3
Given Marvel's attitude of bringing back comic book actors, it's not terribly surprising that Jackman was asked to come back as Wolverine. However, fans have wondered what form his return will take, given the character's death in 2017's Logan. However, with Mobius involved, it's not hard to picture Deadpool getting up to time-travel shenanigans to bring back his favorite X-Man. That likely wouldn't undo Logan's death, but instead, bring a different version of him to the forefront to accompany Deadpool on whatever adventure he's embarking on.
What's more, Mobius' inclusion could answer the question of how Deadpool goes from Fox's X-Men movie continuity to the MCU. While the new history of the TVA is unknown at this time, the fact that it's established as under the control of a parallel Kang suggests that multiversal travel is a possibility. Mobius could transplant Deadpool from one story to another without disrupting either. And a multiversal adventure means fans could see Deadpool visiting previous Marvel movies. A rumor already suggests that Deadpool will meet Fox's Fantastic Four, but that could only be one stop on an adventure that unites all of Marvel's projects under one banner.
That is, of course, all speculation, but it's not outside the realm of possibility. Outside of the story mechanics needed to make a crossover this ambitious, the Deadpool franchise is ambitious enough to try it. Deadpool has often leaned on meta-humor and fourth-wall-breaking to add color and humor to his stories. Seeing him break the boundaries of film continuity itself in the name of fanservice is the kind of move fans might expect -- and indeed hope for -- from the Merc with the Mouth, and Mobius might be the key to making it happen.