Following talks of a possible third installment to Jerry Bruckheimer’s Bad Boys, one of the film’s leading stars recently updated fans on the current status.

While promoting his latest flick, Men In Black 3 during an episode of BET’s 106 & Park, Will Smith, confirmed to hosts Terrence J. & Rocsi that he and co-star Martin Lawrence are on board for a sequel. "I talked to Martin about that a couple of weeks ago,” he said. “Martin is into it and we got a couple of screenplays and the story's gotta be right."

According to a 2010 interview with MTV News Bruckheimer revealed that Smith has a significant role in developing the motion picture’s screenplay. "Will Smith came up with a terrific idea for a screenplay, and we've been working on a script, so we'll keep our fingers crossed."

The film’s 2003 predecessor, Bad Boys 2, topped the box office during its opening week grossing $46.5 million domestically.

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  • "Men In Black 3" New York Premiere - After Party

    NEW YORK, NY - MAY 23: Actors Will Smith and Jada Pinkett-Smith attend the 'Men In Black 3' New York Premiere after party at the USS Intrepid on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Will Smith and Jada Pinkett Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Actor Will Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Will Smith, Jada Pinkett Smith, Willow Smith and Jaden Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Actor Will Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Outside Arrivals

    NEW YORK, NY - MAY 23: Will Smith and Jada Pinkett Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Theo Wargo/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: (L-R) Will Smith, Jada Pinkett Smith, Willow Smith and Jaden Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Willow Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Willow Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Jaden Smith and Willow Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Willow Smith and Jaden Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Outside Arrivals

    NEW YORK, NY - MAY 23: Jaden Smith and Willow Smith attend the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Theo Wargo/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Jaden Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)

  • "Men In Black 3" New York Premiere - Inside Arrivals

    NEW YORK, NY - MAY 23: Jaden Smith attends the 'Men In Black 3' New York Premiere at Ziegfeld Theatre on May 23, 2012 in New York City. (Photo by Stephen Lovekin/Getty Images)