It look likes a sequel to "Creed" is a definite thing based on what Sylvester Stallone and MGM CEO Gary Barber tell Variety in an exclusive interview published on the site today.

“There’s no doubt that we’re making a ‘Creed 2,’” Barber said, although the question is whether Ryan Coogler, who directed "Creed" will also direct "Creed 2" since he’ll be tied up with "Black Panther" for the next 2 years (it’s not official yet, but all reports are saying that Coogler will definitely direct "Black Panther").

So if not Coogler directing "Creed 2" who will? The Variety interview doesn’t say, other than that, if that happened, Coogler may act as a producer on the film, so he’ll still be involved in some way. 

“I know Ryan is probably going to be gone for a couple years,” said Stallone, adding, “So there will be a quandary on: Do we work with another director and have Ryan produce, or do we wait? There’s a diminishing time acceptance of a sequel. Now they are cranking them out in a year.” 

As for what the story will be, Variety says: "One version of the story would take place in the past… bringing back Carl Weathers to play Apollo Creed, who died in 1985’s “Rocky IV.”

Stallone said that he "recently bumped into" Carl Weathers and he was impressed that he was still in "good shape."

Another potential story for "Creed 2" per Variety: "… a linear story with Apollo’s son Adonis (Michael B. Jordan) taking on another challenger."

That would probably make more sense.

Stallone explained: “You’ll have him face a different opponent, which I would say is a more ferocious, big Russian… You can start to meld my experiences and then you start to bring different cultures into it. And you can see what’s happening with the Russians today in America. The complication will come with the girl’s ambition, because she’s not Adrian. She has places to go, things to see, the clock is running on her hearing.”

"The girl" he’s referring to is Tessa Thompson’s Bianca, who Shannon Houston wrote about wonderfully (here) as a potential star of any "Creed" sequel.

“Ryan has some ideas of going forward and backward and actually seeing Rocky and Apollo together,” Stallone said, adding, “Think of ‘The Godfather 2.’ That’s what he was thinking of, which was kind of ambitious.”

Visit Variety for more.