At the 91st Academy Awards, the film is nominated for seven Oscar awards, including the best film and the best original song.
The director said he found making the Marvel film, which went on to become a cultural phenomenon and is expected to rake in trophies in the upcoming award season, a lot harder.
Actor Chadwick Boseman, who portrayed T'Challa / Black Panther in Coogler's film, will reprise his role in the follow-up.
The sequel will be directed by Terence Nance, whose other works include "An Oversimplification of Her Beauty" and "Swimming in Your Skin Again".
The superhero film set a record for top domestic gross ever (US), with USD 40.2 million. The four-day domestic haul is USD 242 million.
Coogler found that Black Panther's appearance in 'Captain America: Civil War' was 'a great jumping off point'.
The "Creed" director said he watched a lot of movies based on Ian Fleming's iconic spy character while making the film.