However, it now appears that Smith will be donning his familiar black suit and shades once again.
According to Showbiz 411, director Barry Sonnenfeld has confirmed that both Smith and Tommy Lee Jones are on board for "Men In Black 3." Sonnenfeld also revealed that the third "Men In Black" film will be in 3D. The report also speculates that the sequel may be in theaters as soon as May 2011.
Sonnenfeld has previously teamed with Smith and Jones on the first two "Men In Black" films, based on the comic book series of the same name that was created in 1990 by Lowell Cunningham and artist Sandy Carruthers. The series follows two Agents of the mysterious MIB organization, which is charged with safe-guarding Earth against all manor of alien threats.
Back in October, Columbia Pictures finally gave the greenlight for "Men In Black 3" with "Tropic Thunder" screenwriter Etan Cohen attached to write the film.
The story is rumored to involve Smith's Agent J going back in time and teaming up with a younger version of Jones' Agent K.
Are you looking forward to seeing Smith and Jones reunite in 3D? What other actors would you like to see appear in "Men In Black 3"? And should the comic book series finally be revived by Marvel? Fire up your neuralyzers and let us know what you're thinking in the comment section or on Twitter!