A sequel to Shazam! began development shortly after that film's release in April 2019, with Gayden returning as writer. Sandberg and Levi were also set to return by that December. The title and rest of the returning cast were confirmed in August 2020, with Zegler, Mirren, and Liu cast as the daughters of Atlas in early 2021. Filming began that May in Atlanta, Georgia and concluded in August.

Shazam! Fury of the Gods is scheduled to be released in the United States on December 16, 2022.