Ever since the deal between Marvel and Sony was announced earlier this year, the one thing fans have been waiting to find out is who will be the next actor to wear the Spidey suit?

A while back, The Wrap dropped a short-list of actors being considered for the role, although at the time, none of the actors had actually been offered the job. That report was followed up shortly after with news that Asa Butterfield had emerged as the front-runner, with some websites later going on to state that he’d already landed the part.

Of course, those reports turned out to be early as we later learned that a week or two later, six actors made their way to Atlanta, where Captain America: Civil War is currently filming, to screen-test for the role.

Since then, things have been relatively quiet. We’ve heard murmurings of possible directors, indicating that Ted Melfi (St. Vincent) and Jonathan Levine (50/50 and Warm Bodies) were the front-runners for the gig.

Now, after months of speculation, we finally know who’ll be joining the Marvel Cinematic Universe as Spider-Man! It has been confirmed that Tom Holland has signed on for the role.

As for who’ll direct the 2017 Spider-Man flick, which is still currently untitled, Jon Watts has been named the director.

Here’s the full press release from Marvel:

Sony Pictures and Marvel Studios are proud to announce that after a full worldwide casting search, Tom Holland will play Peter Parker/Spider-Man in the next Spider-Man film, in theaters in IMAX and 3D on July 28, 2017. The film will be directed by Jon Watts, director of “Cop Car,” the upcoming thriller that made its debut earlier this year at the Sundance Film Festival.

Marvel and Sony Pictures, and producers Kevin Feige and Amy Pascal conducted an extensive search for both the actor and the director. The studios and producers were impressed by Holland’s performances in “The Impossible,” “Wolf Hall,” and the upcoming “In the Heart of the Sea,” and by a series of complex screen tests. Following Marvel’s tradition of working with the brightest next wave of directors, Watts also went through multiple meetings with Feige, Pascal, and the studio, before winning the job.

Commenting on the announcement, Tom Rothman, Sony Pictures Motion Pictures Group Chairman, said, “It’s a big day here at Sony. Kevin, Amy and their teams have done an incredible job. The Marvel process is very thorough, and that’s why their results are so outstanding. I’m confident Spider-Man will be no exception. I’ve worked with a number of up-and-coming directors who have gone on to be superstars and believe that Jon is just such an outstanding talent. For Spidey himself, we saw many terrific young actors, but Tom’s screen tests were special. All in all, we are off to a roaring start.”

Feige commented, “As with James Gunn, Joss Whedon, and the Russo brothers, we love finding new and exciting voices to bring these characters to life. We spent a lot of time with Jon and find his take and work inspiring.”

Pascal added, “Sony, Marvel, Kevin and I all knew that for Peter Parker, we had to find a vibrant, talented young actor capable of embodying one of the most well-known characters in the world. With Tom, we’ve found the perfect actor to bring Spider-Man’s story into the Marvel Cinematic Universe.”

Sony Pictures will finance and release worldwide the next installment of the $4 billion Spider-Man franchise on July 28, 2017, in a film co-produced by Kevin Feige and his expert team at Marvel and Amy Pascal, who oversaw the franchise launch for the studio 13 years ago. Together, they will collaborate on a new creative direction for the Web-Slinger.

Spider-Man, embraced all over the world, is the most successful franchise in the history of Sony Pictures, with the five films having taken in more than $4 billion worldwide.

Holland posted this video on Instagram over the weekend, leading some fans to speculate he’d landed the role prior to Marvel’s announcement today.

More fun more fun

A video posted by ✌️ (@tomholland2013) on

The new Spider-Man film will be released on July 28, 2017!
Source: Marvel.