Deadpool (2016) and Deadpool 2 (2018) were both released by Fox to critical and commercial success, with Reynolds' charismatic performance especially praised (specially after he played a mute version of the character in X-Men Origins: Wolverine in 2009). Work on a third film was put on hold as Disney bought out Fox, with development resuming once the deal was completed. Deadpool is notable as the first Fox-originated franchise that will directly continue into the Marvel Cinematic Universe continuity.
Hugh Jackman first played the role of Wolverine in X-Men (2000), reprising the character in X2 (2003), X-Men: Last Stand (2006), X-Men Origins: Wolverine (2009), X-Men: First Class (2011), The Wolverine (2013), X-Men: Days of Future Past (2014), X-Men: Apocalypse (2016) and Logan (2017). As of Logan, Jackman shared the record with Patrick Stewart as Professor X for the longest period spent playing a Marvel character on screen. However, Stewart pulled ahead by portraying an alternate-universe version of the same character in Doctor Strange in the Multiverse of Madness (2022). Jackman reprising the role of Wolverine in Deadpool 3 would give him the record again.
Deadpool 3 will be directed by Shawn Levy (Free Guy, The Adam Project) and again written by Rhett Reese and Paul Wernick, possibly with input from Reynolds (whose script contributions to the second film saw him get a writing credit). The film will still be rated R and apparently the plan is to segue between the Fox universe and the MCU in an interesting and amusing way, possibly helped by the multiverse concept in full play in the MCU at the moment.