In a shocker, Disney/Marvel and Sony have struck a deal to bring out a third "Spider-Man" film together after a very public divorce over a month ago. According to Variety, the new project is scheduled for a July 16, 2021 release, with Jon Watts in negotiations to return as director. Watts directed "Spider-Man: Homecoming" and "Spider-Man: Far From Home", with Tom Holland as the web slinger. The two studios were engaged in discussions to renew the deal that enabled the web slinger's appearance in the money-minting Marvel Cinematic Universe.

Disney, which owns the Kevin Feige-led Marvel Studios, had demanded that it wanted to split future Spider-Man movies in a 50/50 co-financing arrangement, that also meant a 50/50 split in the profits. In August, after Sony declined to agree on the new terms, Disney removed MCU head Feige and Marvel as producers of the future projects. Feige welcomed the friendly neighbourhood Spider-Man back into the MCU, pointing out the future might hold more surprises as Sony continues to work on its "own Spidey-verse".