The franchise has been a success for Lionsgate with a combined USD 260 million in worldwide grosses and studio executives have indicated in recent months that they were planning a third movie, reported Variety.
Both the films were directed by Chad Stahelski from scripts written by Derek Kolstad with Reeves portraying a retired hitman seeking vengeance for the killing of his puppy, a gift from his late wife.
The trio will be returning for the third installment.
In addition to the films, it had been reported earlier this year that a television series is also being developed under the working title of "The Continental".
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