At some Texas Film Festival this weekend, human Ken doll Armie Hammer (who was awarded something by Oscar-nominated beanpole Timothee Chalamet - no I'm too lazy to find pics right now) said that 'Call Me by Your Name' director Luca Guadagnino detailed the layout of the proposed sequel during the Oscars last week, and he said he's ready to return to the Oliver role, no matter how big or small it is (and going by the comment, Timbo is as well). Guadagnino is supposedly working on the script with the book's author Andre Aciman.
Hammer: “Dude, he broke down the whole script for us. I mean, it’s not a finished script, but he’s got all the ideas for it. Luca’s all gung-ho about it, and by the way, if Luca’s doing it, I think we’re all gung-ho about it.”
“You know, the experience of making the first one was so pure and beautiful that it wouldn’t matter how big my role was. If the same people are involved, I’d do it all over again.”