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The director wrote and co-produced the action thriller, which debuted on Netflix in April and has been praised by both the critics and viewers.
Russo told Deadline that he has inked a deal for the sequel that might build upon the open ending of the first movie.
“The deal is closed for me to write ‘Extraction 2’, and we are in the formative stages of what the story can be,” the filmmaker said.
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Sam Hargrave, who worked with Russo and his brother Anthony on Marvel blockbuster “Avengers: Endgame”, directed the movie about a black-ops mercenary (Hemsworth) who must rescue an Indian drug lord’s kidnapped son in Dhaka, Bangladesh.
The movie also featured Rudhraksh Jaiswal, Randeep Hooda, Golshifteh Farahani, Pankaj Tripathi, Priyanshu Painyuli, and David Harbour.
Joe and Anthony both produced the movie through their banner AGBO.