In the caption, Wan revealed that this time the doll wouldn't just have cameos but this film will be completely centred on it.
It is currently unclear whether Wan would come back to direct.
Though the director of the first installment, James Wan, will be returning as a producer with Peter Safran, it is unclear whether he will direct it or not.
'Ant-Man and the Wasp', 'Avengers: Infinity War', 'Black Panther', 'Christopher Robin', 'Jurassic World: Fallen Kingdom' and 'Mary Poppins Returns', among others are part of the shortlist.
At present, James Wan is getting plaudits for adding his touch to the fantastical story of Warner Bros project 'Aquaman'.
Playing a warrior princess for the first time, Amber Heard, who plays Mera in Aquaman, tells us about how she loved playing a warrior queen, working on getting just the right look for her character.
The 51-year-old actor is playing Queen Atlanta in the director's "Aquaman".
Hollywood director James Wan was in Manila to promote 'Aquaman' along with Jason Momoa and Amber Heard.
Mounted with brilliant visual effects and astounding score, each moment feels stunning, larger than life and simply beautiful.