"I think three is enough for me. Three of anything is enough for me. We'll look at it and we'll consider it, but it feels like that it might be time to let someone else do that," he said.
When asked how he'd feel about his son Jaden Smith replacing him in the next MIB film, Will seemed welcome to the idea, reported Aceshowbiz.
"If they were interested in that - that's not something that I'm pushing for, or I don't even know if Jaden is interested, but we're open," said Will, who has teamed up with Jaden in "Pursuit of Happyness" and recently "After Earth".