Jude Law has confirmed plans for 'Sherlock Holmes 3'.

The 'Dom Hemingway' actor has revealed the third instalment of the series is currently being written and it may not be long before he reprises his role as Dr. Watson alongside Robert Downey Jr, who plays the iconic English detective.

Law told Digital Spy: ''We had a meeting earlier this year, the three of us, and I think it's being written now.''

The film hasn't officially been confirmed as yet, but the 40-year-old hunk is optimistic that Warner Bros. - who produced the last two films - are keen to greenlight a third film.

He added: ''Warner Bros. have still got to agree to pay for it... I think they want to!''

Guy Ritchie has reportedly signed on to direct the film and is keen to base the production in Los Angeles.

'Iron Man 3' writer Drew Pearce has been tapped to pen the script.

Meanwhile, Law will transform into an ex-convict when he stars alongside Richard E. Grant in crime comedy 'Dom Hemingway', which is due for release in the UK on November 15.