Looks as if that Wanted sequel ain't happenin' afterall. Angelina Jolie, who starred as the sultry assassin, Fox, in the first film has backed out in favor of starring in Alfonso Cuaron's(Children of Men, Y Tu Mama Tambien) upcoming space thriller, Gravity. Universal, after losing their recognizable star, has decided to pull the plug on the sequel rather than simply writing her character off. If you recall, Fox was presumed dead at the end of the last film.
Personally, I think this is b.s. While this story is still mostly in the rumor stage, I fully expect that we will be seeing a Wanted film in theatres within the next year or two. Either the shooting schedule will be worked around Jolie's so that she can be involved, or they press ahead with James McAvoy and another hot A-list actress to fill the void.
You can read more of Vulture's coverage of this story here.