The 52-year-old was axed last July after tweets he previously posted years ago came to light, in which he mocked paedophilia and rape.
But it seems as though Disney has had a change of heart, and reinstated the director at the helm of the MCU superhero sequel.
According to Deadline, Disney president Alan Horn met Gunn on several occasions after he was axed, and was impressed by his apology and handling of the situation.
However, despite the company not having met with any other directors for Guardians, his return might be a little more complicated as he signed up to lead DC’s Suicide Squad 2.
The publication states Marvel has agreed to wait until that is complete before beginning work on their sequel.
So we might not be seeing Chris Pratt and co back on the big screen for a while.
Suicide Squad 2 is slated for release on August 6, 2021 with Margot Robbie & Viola Davis both signed on to reprise their roles as Harleen Quinzel / Harley Quinn and Amanda Waller respectively.