AP Photo/Paramount Pictures, Mark Fellman
Tom Cruise and Michelle Monaghan in a scene from "Mission Impossible III"
The two will co-produce a fourth installment in the series with a 2011 release date in mind.
A Paramount rep confirmed to Access Hollywood last week that "Mission: Impossible IV" was in "the discussion stage," and in a recent interview with TV Guide, J.J. revealed that the film was in the works.
"Tom and I have come up with a really cool idea we are pursuing," J.J., fresh off directing "Star Trek," told the mag. "I am incredibly honored that Tom has invited me back as a producer."
It has not yet been confirmed if J.J. will direct "M:I IV" as he did with 2006's "M:I III."
Both J.J. and Tom have a number of other projects in the queue – J.J. is also developing a "Star Trek" sequel, and Tom has been reportedly negotiating to
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