Marvel's Phase Two come to an end this summer, and Phase Three is already getting started. Production recently wrapped on Captain America: Civil War. After Doctor Strange starts filming next month and Guardians of the Galaxy Vol. 2 begins production early next year, the next project coming out of the pipeline is Thor: Ragnarok, with the studio eyeing director Taika Waititi (What We Do in the Shadows). The Wrap reports that the New Zealand native beat out Ruben Fleischer (Zombieland) for the Thor: Ragnarok directorial gig.

Thor and Thor: The Dark World stars Chris Hemsworth (Thor), Tom Hiddleston (Loki) and Jaimie Alexander (Lady Sif) are coming back to reprise their roles in Thor 3. It isn't known yet if Natalie Portman (Jane Foster), Anthony Hopkins (Odin), Idris Elba (Heimdall) or others from Thor and Thor: The Dark World will be coming back for the sequel. Marvel has set a November 3, 2017 release date for Thor: Ragnarok, which is just two weeks before Warner Bros. debuts Justice League Part 1.

RELATED: Will Thor 5 Happen? Love and Thunder Director Isn't So Sure

Christopher Yost and Craig Kyle are writing the screenplay for Thor: Ragnarok, with Kevin Feige producing. It isn't known when exactly production may begin, but a rumor surfaced in August that Marvel is considering filming Thor: Ragnarok on Australia's Gold Coast, after the studio's positive experience in that location from filming Pirates of the Caribbean: Dead Men Tell No Tales. It isn't known exactly when production will begin, but it will most likely take place after Doctor Strange and Guardians of the Galaxy Vol. 2 both wrap.

There is very little we know about the story at this time, but hopefully we'll get concrete details once production gets under way. Aside from the returning characters, we don't know what new roles are being sought by the production, including who the new villain may be. One thing is for sure, though, if Taika Waititi is confirmed in the days and weeks that follow, the project is certainly on the right track.

After directing a number of short films, Taika Waititi made his feature directorial debut with 2007's Eagle Vs. Shark, and he also directed episodes of Flight of the Conchords later that year, as well as the hit UK show The Inbetweeners. He also directed Boy and this year's indie comedy hit What We Do in the Shadows, which he also starred in alongside Jemaine Clement. Taika Waititi also wrote the script for Disney's upcoming Moana, which hits theaters next November.