After more than a decade of stalled development and vague statements, Guy Ritchie's Sherlock Holmes 3 has received its first concrete progress report. Screenwriter Chris Brancato announced he has completed a script draft for the long-dormant third film, which would reunite Robert Downey Jr. and Jude Law as Sherlock Holmes and Dr Watson.

Yet substantial uncertainty remains despite the finished screenplay. Brancato acknowledged that Downey Jr. maintains an exceptionally demanding schedule, describing the project's future as dependent on external factors and timing. Whilst his creative partner Michael Panes praised the script's quality, no production timeline or greenlight has been confirmed, leaving the film's status in limbo despite the milestone of having an actual completed draft.