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Austin Powers 4 will definitely happen, according to Mike Myers.

Mike Myers hinted that a fourth Austin Powers film was indeed in the works.
During an appearance on Trevor Noah's World Cup Watch Party, actor Mike Myers was asked by a fan, "Will we ever see Austin Powers 4?" His answer was a single word: "Yes!" Trevor Noah then chuckled at the quick reply: "Wow, that was a fast yes!" Myers didn't elaborate further. The actor portrayed the iconic British spy in three films released between 1997 and 2003, which grossed a total of $670 million. Mike Myers and Tom Cruise, shall we do it again? Mike Myers hasn't starred in a live-action comedy since the flop of The Love Guru in 2008, although he has since appeared in several films, from Inglourious Basterds to Bohemian Rhapsody, including Amsterdam and Michael, earlier this year. The actor also recently reprised his role as Dr. Evil, Austin Powers' archenemy, for a Verizon commercial (video in this article). In 2024, Myers had already stated that he would like to tell a new story set in the Austin Powers universe, but this time from Dr. Evil's point of view. And since Tom Cruise had already appeared in Austin Powers in Goldmember, where he played Austin Powers in the fake Hollywood blockbuster that opened the film, we can't help but dream of another nod of the same kind. So groovy!