In a major development for fans of Marvel`s Spider-Man franchise, Sony and Disney have finally reached an agreement that will allow the web-slinging superhero to return to the Marvel Cinematic Universe.

After months of negotiations, the two entertainment giants have settled on a deal that will see Disney/Marvel produce a third Spider-Man film, set for release in theaters in 2021, with Tom Holland reprising his role as Peter Parker/Spider-Man.

According to reports, the new agreement will see Disney/Marvel receive 25% of the profits from the upcoming Spider-Man film, while also allowing the character to appear in at least one future Marvel Cinematic Universe film.

The news is a major relief for fans of Spider-Man, who were left in limbo after negotiations between Sony and Disney broke down earlier this year, with Sony initially announcing it would be taking the character back into its own hands.

However, following a public outcry from Marvel fans and high-profile advocacy from Holland himself, the two companies finally came to a new deal.

The new agreement also marks a major win for Disney, which has been seeking more control over the Spider-Man franchise in order to further integrate the character into the wider Marvel Cinematic Universe. With this new deal, Marvel will be able to continue building its interconnected universe, with Spider-Man once again playing a key role.

For Sony, the deal means continuing the success of its Spider-Man franchise, with Holland`s portrayal of the character being a major highlight in recent years. The agreement also means that Sony can continue to develop its own Spider-Man spin-off movies, including the upcoming Morbius and Venom sequels.

Overall, the Sony-Disney agreement is good news for fans of both Spider-Man and the Marvel Cinematic Universe as a whole. With the web-slinger set to swing back into theaters in 2021, fans can once again look forward to seeing the iconic hero in action in the wider Marvel universe.