At this point in time, we don't know whether the new film will follow on from the first, however, Gracey confirmed Jackman will reprise his role as P.T Barnum. Hopefully, Michelle Williams, Zac Efron and Zendaya will also be back for round two!
Despite the film's cult following, many critics predicted that the movie would be an epic flop, hence why it took the dedicated director eight years to get the go-ahead to produce the film.
“There were huge doubts about it for a very long time and some backers withdrew their money,” Gracey explained.
Clearly, he proved the doubters wrong as 'The Greatest Showman' went on to become the third highest-grossing musical in history! The film's epic soundtrack has also been a mega-hit, with over 5.3 million copies being sold worldwide.
Take that, haters!