With Mission Impossible: Ghost Protocol doing so well at the box office, it’s obvious that Paramount is looking at yet another film in the franchise. Last time we heard, Tom Cruise would be handing over the reigns to Jeremy Renner with Ghost Protocol. However, it seems co-star Simon Pegg says now that is not the case, and we can expect more of Ethan Hunt in the future.

Pegg spoke with Moviehole, and when asked about Renner taking over for another film, Pegg simply said, “I think that might have been the plan earlier on, but as the film progressed and we enjoyed it so much I think the idea of Ethan Hunt retiring fell by the wayside. Tom suddenly remembered why he loved doing these films so much and suddenly thought ‘well maybe I do want to do more?’ It’d be nice to see them go into a mission a little better equipped and prepared and have some things that actually work.

Meanwhile, Paramount’s International head Anthony Marcoly spoke on the company’s behalf on the film’s income so far. ”We are absolutely thrilled with the MIGP start internationally. The filmmaking team has provided us with an exceptionally playing film that moviegoers around the world are embracing. With two and a half weeks of school holidays still to come, we are positioned extremely well as the must see event over the Christmas season.”

Director Brad Bird has not committed to another installment of the series just yet, and when a next Mission Impossible would hit theaters has yet to be determined. Also, it remains uncertain just who would return. Obviously Cruise and Renner would return, while it seems extremely likely Pegg would as well. It seems like a long process that could happen soon, or possibly not at all.

What do you think? Should a next Mission Impossible be a priority now, or should we wait a few years before it begins development? Let us know in the comments!