The director said Disney is yet to move ahead but they have already met and discussed the possibility, Marshall told Larry King.
"Well, they talk about it. Disney always likes to announce things, so they tell Garry, 'Shut up, we'll announce it'" he joked on the show.
"(Anne Hathaway) came to my office, she was quite pregnant... She puts her computer on the table, pushes three buttons, there's Julie Andrews on Skype in Long Island. And we have a meeting."
The first film featured an awkward teenager who finds out that she is the heir to a throne while the second movie saw her as a royal in the middle of an arranged marriage.
Actor Chris Pine, who played Hathaway's love interest in the sequel, has already expressed a desire to be part of the third movie, if it is ever made.
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