It seems unlikely that Jude Law will star in the next movie in the Fantastic Beasts franchise. He talked about this in an interview with Variety.

The truth is that the actor is not sure that Warner Bros. is not sure about this. will be filming the new Fantastic Beasts. According to Lowe, the studio is currently focused on filming the Harry Potter series, so the artist does not think he will ever return to the role of Dumbledore again. By the way, Eddie Redmayne, who plays Newt Scamander, thinks so too.

“I think now that they’re making Harry Potter as a TV show, they’ll probably put all their energy into that. I’ve certainly never heard of such a thing (the new Fantastic Beasts bits – Note ed.) was on the horizon,” admitted Jude Law.
It was previously known that the creators of “Harry Potter” were planning to combine the cinema universe with the “Fantastic Beasts” series.
Source: People Talk

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