American movie spy Ethan Hunt is getting yet another mission to accomplish, and Hollywood star Tom Cruise has signed on for the role of Hunt in the upcoming action movie, Mission Impossible 5 (MI5).

"Ethan Hunt has accepted another mission. Paramount Pictures and Skydance Productions have set Tom Cruise in a deal to star in and produce a fifth installment in the Mission: Impossible franchise," reports Deadline.

Tom Cruise has starred in all the Mission Impossible films till now, but when Jeremy Renner was cast in Mission Impossible: Ghost Protocol (MI4), many observers believed that it would be Tom Cruise's last role in the franchise, and that Renner would take over from Cruise in future installments.

Both Paramount Pictures and Skydance Productions have confirmed Tom Cruise in the role of Ethan Hunt but it's not clear who will be writing and directing the film.

"I've heard all along that the director will be Christopher McQuarrie, Cruise's frequent collaborator who most recently wrote and directed Jack Reacher, the adaptation of the Lee Child novels that starred Cruise," reports Deadline.

Mission: Impossible - Ghost Protocol had a $145 million budget and a worldwide gross of nearly $700 million, the most a Cruise film has ever made.

Tom Cruise's most recent releases, like Ghost Protocol and Oblivion were huge hits at the box office, but his Jack Reacher didn't do as well. However, Cruise remains a solid action star, so it's no wonder he's not even thinking of stepping down from movies like Mission Impossible.

The movie is expected to release in 2015, but there is no official confirmation from Paramount Pictures.