Today brings exciting news for fans of the Robert Downey Jr. and Jude Law-led Sherlock Holmes franchise. Around a year after a third movie was confirmed, we finally have an update!

According to Variety, Rocketman director Dexter Fletcher has come aboard the long-awaited "threequel," replacing fellow Brit Guy Ritchie, who directed the first two instalments.

Robert Downey Jr. is definitely returning as Sherlock Holmes, while Jude Law is "expected" to reprise his role as Dr. Watson. Narcos creator Chris Brancato is writing the screenplay.

Meanwhile, the movie's release date has been pushed back from Christmas Day 2020 to December 21, 2021 owing to Downey Jr.'s packed schedule.

Both of Ritchie's Sherlock Holmes movies grossed over $500m worldwide, but Fletcher definitely feels like a worthy successor. He's coming off a serious hot streak that includes completing shooting on Bohemian Rhapsody after director Bryan Singer exited the–for which Fletcher received an "executive producer" credit–and this year's well-received Elton John biopic Rocketman.

So, all we need now is for Law to sign on the dotted line! The two-time Oscar nominee has recently signed up to star in a new limited series set on a mysterious island, so let's hope his schedule can be coincided with Downey Jr.'s.

Would you like to see a third Sherlock Holmes movie?