The successful American heist thriller Now You See Me is coming back with its third instalment under the direction of Jon M. Chu.

Although Now You See Me 2 is scheduled not to hit the theaters before June, the franchise plans for the next action-packed sequel of criminal magicians known as The Four Horsemen.

As reported by Variety, Now You See Me 3 was announced during a Lionsgate company conference call to discuss quarterly earnings with analysts.  As of now, the fans have to wait for one more year to watch it in the theaters.

The announcement further confirmed that Chu will be returning to the director’s chair for the upcoming part as well. Chu replaced director Louis Leterrier in Now You See Me 2. He is the man behind the success of blockbusters like Step Up 2: The Streets, Step Up 3D and G.I. Joe: Retaliation. The former proved that he could choreograph street-savvy shots with bursts of energy, earning the third position at the box office on its opening weekend, and outperforming its forerunner, while the latter displayed Chu’s capability to create high-octane action sequences, as the film quickly became the highest grossing entry in the G.I. Joe series.

Now You See Me 3 Movie Gets Director Jon M. Chu, Cast Unknown, Expected release date in 2017Flickr.Com/Eva Rinaldi

Flickr.Com/Eva Rinaldi

With so many credits under his sleeves, it remains to be seen whether Now See Me 2 will be a box-office hit or a flop, ditching the expectations of its fans. However, Lionsgate looks pretty confident about the veteran director.

Also Read: Now You See Me 2 Cast

The cast of the upcoming American heist thriller film sequel is still not known.  A few relevant sources reveal that the studio voted with confidence upon signing a deal to expand their caper series and bring Chu back on-board for the third Now You See Me movie, nearly two months before the release of Now You See Me 2, says Screenrant.