Deadline reported Watts' departure but didn't explain the reason behind it. However, the report does say that Marvel Studios and Watts' relationship remains amicable, suggesting that this was a mutual decision and Watts might still return for a fourth Spider-Man outing.
Marvel Studios and Sony Pictures Entertainment haven't confirmed that Tom Holland will return just yet, but it's only a matter of time.
After No Way Home set records in theaters and digital formats, it will be a huge waste not to bring back Watts, Holland, as well as Zendaya, back for more web-slinging shenanigans. At the moment, Watts is still attached to helm the still-unannounced film, but we're not exactly ruling out his departure either.
In the meantime, Watts will take his talents elsewhere. Specifically, Watts will go back to his horror project roots as the producer for Final Destination 6. Watts will also direct, write, and produce the untitled thriller starring George Clooney and Brad Pitt. The Apple TV+ film will hit theaters first before making its way to the tech giant's streaming platform.
As for Spider-Man, Sony is busy building the Sony Spider-Man Universe and the Spider-Verse. Sony recently confirmed Venom 3 and the new name for Spider-Man: Across the Spider-Verse (Part Two). The sequel to the award-winning animated Spider-Man film is expected to hit theaters on June 2, 2023, following a lengthy delay with Kraven the Hunter and Madame Web premiering on January 13, 2023, and July 7, 2023, respectively.