Ryan Reynolds announced the X-Men character would be making his MCU debut in the movie, due for release on 6 September 2024, and while some are excited about the prospect, others feel the cameo is disrespectful to the character.
Jackman, 53, played the character of Wolverine for 17 years, appearing in nine Fox franchise films as the comicbook anti-hero, before he was killed off in 2017 movie Logan.
Reynolds confirmed Jackman would be appearing in Deadpool 3 on social media, telling fans: "I've had to really search my soul on this one. His first appearance in the MCU needs to feel special, we need to stay true to the character, find depth and meaning."
As Jackman walked past in the background Reynolds asked: "Hey Hugh, you want play Wolverine one more time?"
Watch: Ryan Reynolds announces Hugh Jackman will return as Wolverine in Deadpool 3
To which he replied: "Yeah, sure Ryan."
Many fans shared their delight and excitement at the news.
One tweeted: "Hugh Jackman returning as Wolverine in Deadpool 3 and my mind is absolutely blown in the best way."
Another posted: "DEADPOOL 3 ON SEPTEMBER 6, 2024 AND HUGH JACKMAN RETURNS AS WOLVERINE OH MY GOD THANK YOU GOD"
And another shared: "If this indeed true, #Deadpool3 will be the culmination of what feels like a decade of jokes that will bring back Hugh Jackman as #Wolverine That could be special."
But others feel that Wolverine does not belong in the modern Marvel Cinematic Universe.
One of these sceptics appeared to be Logan writer and director James Mangold, who shared a GIF of Wolverine dying in the film.
But he later tweeted: "Oh my gosh! Everybody chill. Just kidding! I’m all good! LOGAN will always be there. Multiverse or prequel, time warp or worm hole, canon or non-canon or even without a rationale, I cannot wait to see what maddness my dear friends @VancityReynolds and @RealHughJackman cook up."
In August 2021 Jackman denied rumours he was in talks with Marvel president Kevin Feige to return as Wolverine.
He said: "It’s in my past, man."
Adding: "I don’t ever want people to feel that when I say I’m done, it’s a glib thing. It was one of the great chapters of my life."