"Producers are working on it," Smith told BBC News. "I'm not actually working on it. If it's great, I'm into it." When asked if there was a good chance he'd reconsider, Smith confesses, “Probably not.”
Besides the fact that he unassumingly dies at the end of the movie, he’s not interested in making any more sequels.
“I don’t want to be the sequel guy,” he recently said. “I figure I’ve got about six or seven more years where I can run and jump a little bit and then I’m going butt and gut for the rest of my career. Butt and gut,” he joked
That said, Smith isn’t ruling out a “Men in Black 4″ (or “Bad Boys 3″ and “Hancock 2,” for that matter). He would consider the projects only if there was a “groundswell of support” from fans and if, in the case of “MiB 3,” “people love this one.”