Peter Craig (scribe on the upcoming pic "The Town," "Cowboy Bebop") has been tapped to write the screenplay and the hope is to bring back helmer Michael Bay, producer Jerry Bruckheimer and stars Will Smith and Martin Lawrence..
In the series Smith and Lawrence played Miami detectives Mike Lowrey and Marcus Burnett who often got caught up in cases involving car chases and explosions.
No deals have been inked though, all parties have expressed a willingness to return if a story can be agreed upon though.
The original Bad Boys opened in 1995 to $141 million worldwide and Bad Boys 2, in 2003 to $273 million worldwide.
Smith, Bay, and Bruckheimer are always pretty busy--timing could be tricky--Just today it was announced that Bruckheimer has picked up the film rights to Derek Haas' (3:10 to Yuma, Wanted) short story "Shake" says The Hollywood Reporter.
Though the second film had its issues--Chemistry between Smith and Lawrence is undeniable
If BB three does happen then a 2011 release is reasonable.
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