Jake confirmed in a video that he will be playing the classic Marvel villain Mysterio in the upcoming movie Spider-Man Far From Home.
The actor, who also debuted on Instagram a few hours ago, decided to make his first post on the social media platform about the Spider-Man role.
Editors at The Hollywood Reporter claimed in May that Gyllenhaal was in talks to play Mysterio, and in October, photos from the production in the Czech Republic surfaced online and showed him dressed in a suit and cape. His appearance in Spider-Man: Far From Home marks the character's live-action debut.
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Jon Watts is returning to direct the sequel to Homecoming, which earned $880 million (£656,216,000) worldwide. That's obviously enough to tell us that Spidey will be resurrected by the end of the new Avengers film.
This may be a playful nod to that brief period in 2003 when Tobey Maguire was trying to get a bigger payday for Sam Raimi's Spider-Man 2, and Sony called his bluff to the point where the studio actually met with Gyllenhaal as a possible replacement. He is next set to appear in Edward Berger thriller Rio alongside Michelle Williams and Benedict Cumberbatch, and is in the pre-production phases of crime-thriller Finest Kind.
Spider-Man: Far From Home was announced a few months ago.