Film's writer-director Stallone shared the news that Cage has officially signed on to the movie. Stallone is still hoping some other big names in action movies will say yes to join the project.
"We are preparing the film with the same passion and commitment as the previous two. We have confirmed Nicolas Cage, a master actor who gives a veneer intellectual group. Hopefully we can realize to Harrison Ford, Wesley Snipes and Mickey Rourke. That is the great mission of the producer," Stallone wrote on his Facebook page.
Teasing what fans can expect from the third movie, he said, "We will continue with the same narrative scheme, the agility and the frenzy, which are inherent to the saga. What will definitely be the last? I can not guarantee.
"In principle it would be two deliveries, but the affection of the people encouraged us to work on a third. I guess as long as we amused ourselves by offering fun and people, we can continue playing 'The Expendables'. For now we are not as expendable as it should and as some critics want," he added.
The last "Expendables" was released August 17 with Chuck and Liam Hemsworth among the new members in the cast ensemble. So far, the film has collected USD 289.5 million worldwide.