The Sicario franchise, beginning with the critically acclaimed original in 2015 and followed by Sicario: Day of the Soldado in 2018, continues to intrigue fans as a third installment looms on the horizon. Sicario 3, also known by its working title Sicario: Capos, has been confirmed to be in development for several years, though progress appears gradual. Screenwriter Taylor Sheridan remains closely involved, and producers have indicated the script is “awesome” and potentially nearly complete .

Despite the long gestation, the project has sparked renewed momentum. Actor Josh Brolin recently described the possibility of Sicario 3 as “very, very real,” signaling that discussions are active and the film may eventually move forward . However, securing a director remains uncertain. Denis Villeneuve—director of the original film—has expressed no concrete involvement; he said in early 2024 that he hadn’t heard about any new Sicario project, though he admires Sheridan’s writing . Concurrently, rumors have circulated that Villeneuve might return or that Christopher McQuarrie—or another heavyweight—could be tapped to direct .

Furthermore, the original cast—Benicio del Toro, Josh Brolin, and Emily Blunt—is expected to reprise their roles. Del Toro’s Alejandro Gillick, Brolin’s Matt Graver, and possibly Blunt’s Kate Macer are all rumored to return, promising continuity and emotional heft. Brolin’s character has reportedly been confirmed to return by producers, and Blunt is among those expected to rejoin if schedules allow .

The storyline remains under wraps, though speculation suggests a return to Kate Macer’s perspective or possibly focusing on Alejandro’s rise within cartel ranks—a shift hinted at in recent rumors calling the film Sicario: Capos . With the title Capos, the story may chronicle the evolution of cartel dynamics and moral ambiguities in U.S.–Mexico border conflicts, in line with the franchise’s thematic roots of institutional corruption and moral compromise.

Fan communities remain eager and hopeful. One commenter observed, “They are still working on first draft of script,” while others express longing for continuation: “I just finished rewatching it and I absolutely LOVE the movies… it is pencilled in for 2025, according to various internet search results” . Another noted that both first films were “fantastic” and expressed desire for more .

In summary, Sicario 3 seems poised for eventual realization, with a near-final script, returning key characters, and active production discussions. Though details on release date, director, and plot remain speculative, the project carries significant weight among fans and the creative team alike. As industry insiders and actors like Brolin suggest, the film may finally move beyond development limbo—bringing an iconic trilogy to its much‑anticipated conclusion.