Disney in planning a sequel to the 2019 live-action remake just a few weeks after the movie grossed over $1 billion at the global box office, marking Aladdin as the second highest grossing live-action remake by Disney, with Bill Condon's Beauty and the Beast taking the top spot and Jon Favreau's The Lion King disqualified because that's an animated movie to begin with.
Producer Dan Lin revealed that Disney is in the early stages of considering a potential Aladdin franchise. Nothing is officially set in stone though, but Lin told CBR that the house of mouse is "exploring" that route:
“We certainly, when we first made the movie, wanted to just make the best movie we could and let audiences tell us if they wanted to see more. And I would say resoundingly audiences want to see more. They’ve watched this movie multiple times. We have lots of fan letters about people who really go back and they bring their friends and bring their family. And so we feel like there’s more story to tell. We are going to treat it the same way we treat the original Aladdin movie and not going to do a shot by shot remake of anything that’s been done before. We’re really looking at what’s been done before in the past and the home video, and there’s just more story to tell with the underlying materials. So without giving away too much, we are certainly exploring where we can go with this franchise.”
It's also worth noting that the original 1992 animated classic had a sequel called The Return of Jafar, and a second Sequel - Aladdin and the King of Thieves which in my opinion is the better one of the two.
Aladdin star Mena Massoud told Collider that he'd "absolutely" be willing to reprise his role for a Return of Jafar sequel, way before Aladdin reached $1 billion.
Stay tuned for more updates on the Aladdin sequel.