New York, December 16 : Will Smith is reportedly planning sequels of his hit movies `Hancock' and `I Am Legend'.

While a rep for the `Men in Black' actor confirmed "there have been talks about both of these projects," an insider revealed that details had already been worked out.

"He is ready to do both. Producers are just trying to get Charlize Theron to sign on for the ''Hancock'' sequel," the New York Post quoted a source as saying.

"As for "I Am Legend," it will be more of a prequel as Smith''s character died at the end of the zombies-take-Manhattan movie.

"It will be about how the disease spreads and the fall of the last great American city. It will also develop the relationship between Will''s character and his wife," the source added. (ANI)