The 43-year-old returned to his role of Agent J in the third film in the sci-fi franchise earlier this year and raked in 390 million pound.
Columbia Pictures' president Doug Belgrad, who is in charge of the studio behind the films, has announced about the plans of MIB 4, said the Hollywood Reporter.
"We're very pleased with the financial performance of Men in Black 3, and we believe it is an ongoing franchise. We're going to do another one, but we don't have clarity yet on how it should be done," he said.