SUBMITTED BY pimpjoe_esb

April 11, 2007 —

Variety reports that Brendan Fraser has closed a rich deal to return in "The Mummy 3," but Rachel Weisz is not coming back.

Rob Cohen will direct the pic, which is expected to begin production late in the summer. It will be set in China and will introduce Jet Li as a villain.

Universal is planning a summer 2008 release; franchise has earned more than $830 million worldwide. "The Mummy" bowed in 1999 and "The Mummy Returns" in 2001.

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