According to Variety, Universal Pictures is hitting the gas on a third installment of "The Fast and the Furious." Vin Diesel is in talks to return to the franchise after skipping sequel "2 Fast 2 Furious," while the studio is not currently planning to have Paul Walker, a star of both previous incarnations, return for the third outing. Scribe Chris Morgan has been hired to pen a script. His concept picks up Diesel's character, Dominic Torretto, where he was left off at the end of the first "Fast," a fugitive of the law hiding out in Mexico.

Action quickly moves to Tokyo, the current Mecca of street racing, where Torretto tries to bail out a friend in trouble with gangsters. Morgan's previous credits include "Cellular" for New Line. He did some rewrite duty on Columbia's "S.W.A.T." The return of Diesel would be a bid to return excitement to a franchise that may otherwise be getting long in the tooth.
http://www.variety.com/article/VR111...goryid=13&cs=1