Lionsgate has revealed that Now You See Me 3 is officially on the cards. The franchise, known for its magical illusions and heist shenanigans, is set to return under the direction of Ruben Fleischer, whose previous work includes Venom and Uncharted.

The Now You See Me series, which debuted in 2013, has been a cinematic roller coaster of sorts. While the first film was a crowd-pleaser, the second one had critics and audiences divided, proving that you can't always trust what you see. The first film grossed over $350 million against a modest production budget of $75 million, an outcome that all but assured the making of a sequel.

Now You See Me 2 had an increased production budget, estimated to be around $100 million, but this wasn't a sure formula to draw audiences, as it only raked in $334 million. Now, with the third installment on the way, Lionsgate will be hoping to shuffle the deck and deal a winning hand.

The heist-thriller franchise follows four talented magicians, known as the Four Horsemen, who are brought together by a mysterious benefactor. Under the guidance of a secret society called The Eye, they execute a series of seemingly impossible heists during their live performances, all while staying ahead of the authorities sniffing around.