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Even though the second film has yet to be released, Variety is reporting that Lionsgate is now developing Now You See Me 3. The sequel, titled Now You See Me: The Second Act, won’t be released until next summer, the studio is moving along with a third film.

Lionsgate CEO Jon Feltheimer had this to say, “We’ve already begun early planning for ‘Now You See Me 3,” during a conference call to discuss quarterly earnings.”

Filming recently wrapped on Now You See Me: The Second Act, which stars Mark Ruffalo, Woody Harrelson, Jesse Eisenberg, Lizzy Caplan, Dave Franco, Michael Caine, and Daniel Radcliffe, and is set to hit theaters on June 10th, 2016.