News on Fantastic Beasts 3 has been slim since the underperformance of Crimes of Grindelwald last fall. With a major release date change, and the Heard-Depp controversy brewing, Fantastic Beasts 3 is currently experience a good chunk of behind-the-scenes drama.
According to The Blast, Johnny Depp still has not been picked up for a sequel to reprise his role as the franchise's antagonist. Though his contract has him obligated for five films, Warner Bros. still has not optioned him to return for the third. Reportedly, some in the industry have lobbied for Depp's removal. If Warner Bros. does not approach the actor before production, it could be safe to say that he has been recasted. On the other hand, a majority of the crew supports Depp's return, which fares well for his reprise.
It will be interesting to see how this situation pans out before production commenses this Spring.