UPDATE June 17: Steve Martin took to Twitter and squashed rumors of his involvement with the movie at this stage:
So excited to read I'm doing Father of the Bride 3 since I haven't seen a script or been offered the role!
— Steve Martin (@SteveMartinToGo) June 16, 2014
Steve Martin and Diane Keaton are reportedly set to reprise their roles in "Father of the Bride 3," which will focus on a gay wedding.
According to Hollywood journalist Nikki Finke, the third installment of the hit romantic comedy franchise will focus on a now 29-year-old Matty Banks (played by Kieran Culkin in both "Father of the Bride" and "Father of the Bride Part II") after he announces his engagement to the son of a U.S. Navy Seal.
Check out the trailer for 1991's "Father of the Bride," then scroll down to keep reading:
Details of the plot are scarce, but Finke reports that Nina (Keaton) will kick George (Martin) out of the house after he is left "thunderstruck and speechless" and objects to their son's engagement.
Charles Shyer, who helmed both of the first two films, is attached to write and direct, while Disney and Warner Bros. are said to be sorting out the rights, according to the report.
Released in 1991, "Father of the Bride" was a remake of Vincente Minnelli's 1950 movie of the same name, starring Spencer Tracy and Elizabeth Taylor. "Father of the Bride Part II" was loosely based on 1951's "Father's Little Dividend," in which Tracy and Taylor also starred.