From Where Legends Rule:
An interview with UL2 director John Ottman in Venezualian movie magazine "REVISTA Ticket" has seen him admitting interest in directing UL3, with him saying he would be "very interested" in the possibility. However, ULegend.net's webmaster e-mailed John himself asking if he had in fact been approached by anybody regarding a third movie, to which he replied: "UL3 is just a rumor. If it's not, I haven't heard a word about it!"