Paul Hogan had stated in an interview that there wasn't going to be a 3rd "Crocodile Dundee" film and had felt that the story of Mick Dundee had been finished and that he isn't James Bond and he doesn't go all over the world solving crimes.
One early idea for a third Crocodile Dundee film was to have Mick Dundee team up with Eddie Murphy's character Axel Foley from the Beverly Hills Cop (1984) films in a crossover film.
Paul Hogan had requested sole writing credit on the film for his rewrite but the Writers Guild of America awarded the credit solely to Matthew Berry and Eric Abrams, the writers of the initial script.
A spin-off that centered around Mikey Dundee, Mick and Sue's son was not considered due to the film bombing at the box office.