The actor plays the titular character in the Marvel Comics superhero franchise, and following the success of "Deadpool 2" and it's PG-friendly spin-off last year (2018), Ryan reveals fans won't have to wait long for a follow-up.
"We're working on it right now with the whole team," Reynolds revealed on the holiday edition of U.S. talk show "Live with Kelly and Ryan".
Executives at 20th Century Fox were behind the first two "Deadpool" films before the company was acquired by Disney in early 2019, but Ryan will be led by Marvel Studios, another Disney subsidiary, for the third instalment.
"We're over at Marvel, which is the big leagues all of a sudden," he said. "It's kind of crazy."
Ryan did not reveal any further details about the follow-up.
"Deadpool" and "Deadpool 2" earned $1.5 billion internationally upon their respective releases in 2016 and 2018.