Sonnenfeld confirmed the development to The Hollywood Reporter Wednesday.
Few plot details are known regarding the upcoming science-fiction comedy, which is expected to open in 3D in May 2011, Empire Online said.
The previous two "MIB" movies -- released in 1997 and 2002 -- featured Smith and Jones as U.S. government agents dealing with space aliens who come to Earth.
Gal Gadot cast as Wonder Woman for 'Batman vs. Superman'
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