Following the confirmed leadership change at DC Studios, questions are mounting over the future of its film and television slate. Matt Reeves’ “The Batman” and its HBO spinoff series “The Penguin” belong to a standalone crime saga separate from James Gunn’s DCU. While “The Batman Part II” already has a release date, there has been no definitive word on whether “The Penguin” will return for a second season, leaving fans eager for answers.
Colin Farrell, who plays Oswald “Oz” Cobb, recently expressed interest in continuing the series during an appearance on ITV’s “This Morning.” Asked whether he would return for another season of “The Penguin,” Farrell said he would gladly reprise the role, though a potential second season remains open for discussion.

Farrell also revealed that he has finished filming “The Batman Part II,” although his role in the sequel is limited to just two scenes.
Farrell discussed his brief return as the Penguin in the clip below:

Farrell’s comments make it clear that he remains eager to play the Penguin, though he did not indicate whether formal talks with HBO or the show’s creative team have begun. The first season of “The Penguin” followed Oz’s battle for power within Gotham City’s criminal underworld, elevating the former supporting character into the star of his own series. If a second season moves forward, it remains unclear how its story would connect to the movie sequel.
Meanwhile, “The Batman Part II” is scheduled to hit theaters on February 18, 2028. With Reeves attending to a personal family matter, “Ocean's Eleven” director Steven Soderbergh recently stepped in to help complete principal photography.
It also remains to be seen whether the departure of James Gunn and Peter Safran from DC Studios’ leadership will alter the long-term plans for “The Batman” franchise.