His latest movie is currently taking a big bite out of the box office, but director Jon Favreau isn't resting on his multi-million dollar laurels just yet.

In fact, the Iron Man director and producer of Avengers: Age of Ultron can't wait to get back into the Marvel universe.

"I'm going to be executive producing the Avengers films with the Russo brothers, which I'm very excited about," Favreau told Digital Spy.

Marvel Studios

[Jon as Happy Hogan in Iron Man 2]

"I talk to them about it all the time. I've worked both in front of and behind the camera with Marvel and I really love what they're doing right now.

"It's a really exciting time to be over there. I've seen a rough cut of Civil War and it's fantastic.

"We're constantly looking for things to do together. And now I'm freed up."

Audiences are already going wild for Favreau's star-studded, visual effects epic The Jungle Book, which opened on Friday and has already grossed $103.6m worldwide.

He's even been booked to direct and produce its sequel.

"The question is, do I want to do something else in the superhero genre?" Favreau continued.

"I've spent a big chunk of my career working on that already. All new titles are coming out now."

Favreau was part of the Marvel family early on, and is widely credited for the MCU's sharp comedic tone by making Robert Downey Jr's Iron Man as quick and powerful with his one-liners as his suit of armour was at hurling rays from his gauntlets.

When explaining why he gracefully declined the offer to direct Iron Man 3, instead opting to stay on merely as executive producer, Favreau admitted that working on such a big franchise was tiring.

"I'm actually surprised I don't feel that way about The Jungle Book already, but with Iron Man, I'd done two back to back," he says.

"My time was completely monopolised for those years and I wanted allowed to explore other things.

Alberto E. Rodriguez/WireImage Getty Images

"Part of the fun of having a successful movie is you get a lot of say on what your next project is.

"Sometimes you want to leave yourself open to other opportunities instead of another four or five years maybe working on that franchise."

The Jungle Book is in cinemas nationwide now.

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