Jon Favreau has signed a deal to helm Iron Man 2, according to Deadline Hollywood Daily.
The director had earlier critisied studio Marvel for setting an "unrealistic" release date for the superhero sequel. Rumours later surfaced that he would not return to direct the film.
Favreau has now reportedly agreed a contract after being offered a more lucrative deal by Marvel boss David Maisel.
Robert Downey Jr. will also return for Iron Man 2, which is scheduled for an April 2010 release.
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