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In the five years since Leto has been linked to Tron 3, the movie didn't really start to make much progress until 2020, when Disney re-entered the film into development. It was shortly after this that Garth Davis (Lion) was announced as Tron 3's director. Leto seemingly revealed the sequel's title in celebration of the announcement, as a since-deleted tweet referred to the movie as Tron: Ares. Despite the star then teasing his physical transformation to lead the sci-fi sequel movie, there hasn't been any significant update on where the movie stands for more than a year.
As audiences wait for Tron 3, Leto is now out promoting Sony's Morbius ahead of its theatrical release on April 1. Screen Rant had the opportunity to talk to the Morbius star as part of the press tour, and the conversation eventually included a question about the status of Tron 3. Leto can't say much about the project beyond sharing his enthusiasm to eventually make the movie. However, he does offer a promising Tron 3 update in the process that teases more news might be on the horizon:
I'm a super fan of Tron, and we are working hard on Tron with our incredible partners at Disney. Just an amazing group of creative people. We're getting closer. We're getting closer and closer, and who knows? Something may be [coming] sooner than later.