Tom Cruise has officially signed on to star in a fifth Mission: Impossible film following the spectacular success of Brad Bird's Mission: Impossible – Ghost Protocol last year.

The fourth instalment in the long-running spy saga achieved positive critical notices and pulled in almost $700m across the globe, the highest sum for a film starring Cruise. Now Deadline reports that Christopher McQuarrie, the screenwriter-turned-director who worked with the world's most famous scientologist on his recent film Jack Reacher, is likely to step in for part five.

Cruise will once again play daredevil special agent Ethan Hunt, who is charged with a variety of assignments by the shadowy Impossible Missions Force. Few other details are known about the new film, such as whether sidekicks Jeremy Renner, Paula Patton and Simon Pegg are likely to have another outing after the success of Ghost Protocol.

Deadline also reports that a sequel to this year's Jack Reacher, the big-screen adaptation of Lee Child's popular series of books that controversially starred Cruise in the title role, is in the works. McQuarrie's film took $216m worldwide and attracted mainly decent reviews. Further future projects for the action icon include a Guy Ritchie-directed take on 60s spy show The Man from UNCLE, in which Cruise will star as Napoleon Solo.

This article originally appeared on guardian.co.uk