
When asked about the progress of the project, Lin is quoted as saying, "It's still in development, Drew Pearce is working on the script and Downey, as you know, is still finishing Iron Man 3, so we're waiting for Downey to finish that movie and to get a script from Drew".
The producer was less than coy on revealing any details though "I don't want to go into details about (characters returning), I just want to say that there will be some new locations, new settings for the third movie. Just like Sherlock for the second movie took us in a new location; the third movie will take us to a new location as well."
The two previous movies that starred Robert Downey Jr. as Holmes and Jude Law as his sidekick, Dr. Watson, has taken in about $1 billion combined, and although there has been no word whether director Guy Richie would return to it, it would be a brave man to bet against it.
Countdown to the release of Sherlock Holmes 3, with the iPhone Movie Countdown Clock App.