'Bad Boys For Life' is reportedly on the cusp of being given the green light by Sony Pictures.
The long-awaited third instalment of the money-spinning film franchise - which stars Will Smith and Martin Lawrence as detectives - has been talked about for years and have already seen several false dawns.
But according to Variety, production on the sequel could begin in early 2019, with the film having been handed a tentative release date of January 2020.
Will, 50, is set to reprise his role as Detective Mike Lowrey in the upcoming movie, and while Martin has yet to agree terms on the project, he is said to be circling the movie.
Adil El Arbi and Bilall Fallah - who previously worked on the FX series 'Snowfall' - are set to direct 'Bad Boys For Life', with the two earlier films having been helmed by Michael Bay.
Meanwhile, Will previously revealed he was certain that he and Martin would be reuniting for the third 'Bad Boys's movie.
Speaking in 2016, the Hollywood star shared: "I saw Martin a few weeks ago.
"I haven't seen him for about two years. We just looked at each other. We hugged. In that moment, we knew we were making another 'Bad Boys.' We're definitely doing another one."
The two previous 'Bad Boys' movies grossed more than $400 million worldwide, but plans to create a third film in the franchise have faced numerous setbacks and delays.