Source: Marvel Studios

After months of speculation and (if we’re being totally honest) anxiety, fans finally got the answer they were hoping for from Guardians of the Galaxy and Guardians of the Galaxy Vol. 2 writer/director James Gunn. He will be back to write and direct Guardians of the Galaxy Vol. 3!

Gunn made the announcement earlier this afternoon on his Facebook page.

Gunn’s return is welcome news not just for fans, but also Marvel Studios. Studio boss Kevin Feige and company have to be thrilled, as a Gunn-directed GotG Vol. 3 gives the studio a major franchise sequel to serve as an anchor for Phase 4 of the Marvel Cinematic Universe.

Expect the third Guardians film to be officially take one of Marvel Studios’ three release dates booked for 2020 (most likely May 1). The announcement could come any time now in the lead up to GotG Vol. 2, but certainly won’t arrive any later than D23 EXPO 2017 in July.

Guardians of the Galaxy Vol. 2 is in theaters May 5.