Ryan Reynolds confirms a third Deadpool movie is on the way. He also discusses what it's like working with The Rock.

Ryan Reynolds confirmed that a new Deadpool flick is in the works at its new home, Marvel Studios.

The franchise star said as much during a holiday episode of Live with Kelly and Ryan, according to Variety.

“We’re working on it right now with the whole team,” Reynolds told Kelly Ripa and Ryan Seacrest, adding, “We’re over at Marvel, which is the big leagues all of a sudden. It’s kind of crazy.”

For the franchise, the third instalment will be the first distributed under Marvel Studios as the first two movies were helmed by 20th Century Fox, which has since been acquired by Disney.

The outlet said Deadpool was one of only a handful of Marvel characters whose onscreen licence belonged to a studio other than Disney, adding that the superhero was reunited with the Marvel Cinematic Universe when the $US71.3 billion Disney-Fox deal became official in March.

Reynolds, 43, originated the role of the comic book character in 2009 in X-Men Origins: Wolverine. But when the first Deadpool movie came out in 2016, the character’s history was retconned. Reynolds doubled back with another stellar showing in 2018 with Deadpool 2.

The franchise has pulled in a staggering $US1.5 billion in worldwide box office, after having reported production budgets of $US58 million and $US110 million.

The Pokemon Detective Pikachu star is still hard at work late in 2019, recently releasing a parody commercial for his own spirit company, Aviation American Gin, featuring “Peloton wife” Monica Ruiz, under his production arm, Maximum Effort Productions.

He also has an action-comedy in production titled, Free Guy, where he plays a bank teller who discovers he’s a nonplayer character in an unforgiving open-world video game.

Reynolds is also reportedly being paid more than $US25 million from Netflix for his part in an art-heist flick, Red Notice, which he’ll star alongside Dwayne “The Rock” Johnson and Gal Gadot.

This article was originally published on Fox News and was reproduced here with permission