"Any time you can get Big Willie to come out and talk about doing a third installment of a hot movie like 'Bad Boys,' you have to take notice," Lawrence explained. "I met with Michael Bay, and he said he's onboard too - so it's real."
"I got Big Willie to come down and see me about the movie. I felt special," Lawrence said of a visit Smith paid to his friend recently to talk about getting the band back together, adding that at this point, the green light is in the hands of the franchise producer. "We're just waiting on Jerry Bruckheimer to let us know when it's really real."
Peter Craig is putting together a script for Columbia.
Production most likely wouldn't start until next year as Michael Bay readying production for Transformers 3.