Tron: Legacy was released back in 2010, nearly 30 years after the original. Tron 3 has likewise been in development for years, in one way or another. Now, numerous Disney fan sites are repeating a report from three years ago, although there is some news regarding the status of the script.

　　The original report from March 2017 states that Tron 3 is in development with Jared Leto in talks to star. At that time, it was reported that the film was in the very early stages of development. Since then, Disney also canceled a Tron TV show without ever having announced it.

　　However, there is some news on the future of the beloved franchise. On an episode of the Light the Fuse Podcast, Disney music executive Mitchell Leib opened up about the future of the beloved franchise. "I had lunch with Paul Hahn to further a bit of a starting conversation that we're looking at making a sequel to Tron now, we're looking at Tron 3," Leib said (via ComicBook). "And we've got a great script, I mean a really phenomenal script that we're very excited about. Whereas the timing wasn't right to have done it years ago, I think we feel like the timing is right now, and I feel like we've learned a lot of lessons from that last movie."

　　The episode is from back in early June, and it's been the only credible source for the third Tron film, as Disney nor Jared Leto have not confirmed this rumor. It's been in some form of development for a decade, but it has not been greenlit. That means the studio has not given the go-head to go into production. And "in development" can mean anything prior to the greenlit phase, even if it's just having the idea for the script. Actors and directors can be unofficially be attached to a film in development, but ultimately, it's the studios that have the final say if they choose to greenlight a project.

　　As for Jared Leto, you'll be able to see him in the Sony Marvel movie Morbius, which was originally going to air at the end of July, but has been pushed back until March 19, 2021 because of the COVID-19 pandemic.

　　Mat Elfring on Google+