According to Zack Snyder, co-writer and director of the the 2007 original, a third film was planned for the epic action saga, but Warner Bros turned it down because it was too gay, basically.
During a recent appearance on The Playlist’s The Fourth Wall podcast, Snyder said he reached a deal with the film studio over the coronavirus pandemic to write “what was essentially going to be the final chapter”. “But when I sat down to write it I actually wrote a different movie,” he admitted. “I was writing this thing about Alexander the Great, and it just turned into a movie about the relationship between Hephaestion and Alexander.