Guillermo Del Toro confirmed that Hellboy III will not happen in a message on his official Twitter account, explaining that he had discussions with “all parties” but offering no explanation for why the project can’t or won’t move forward. You can read Del Toro’s comments in the post below.
Though this news will certainly disappoint many fans, it may not be entirely unexpected. Guillermo del Toro has previously revealed his intentions to move away from larger blockbuster projects in favor of smaller independent works while series star Ron Perlman has expressed doubts that a third Hellboy film would be developed, citing the busy schedules of both himself and del Toro.
Source: Twitter
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The film will also be set in Central City.