Summit Entertainment, which is releasing the wildly popular vampire franchise, said Wednesday that Condon would take the helm for the latest installment. The script is being written now, with stars Kristen Stewart, Robert Pattinson and Taylor Lautner returning.
Will the lengthy final "Twilight" installment be divided into two movies or just one?
According to The Hollywood Reporter, no decision has been made yet, but that one (or both) will be filmed in 3 D.
"I'm very excited to get the chance to bring the climax of this saga to life onscreen," Condon told THR. "As fans of the series know, this is a one-of-a-kind book - and we're hoping to create an equally unique cinematic experience."
The film franchise, which unfolds as a youthful romantic saga involving humans, werewolves and vampires, has already generated more than $1 billion in worldwide grosses.
"Bringing Stephenie Meyer's 'Breaking Dawn' to the screen requires a graceful and intelligent hand, and we believe Bill Condon is exactly the right steward, having shown equal and abundant talents of immense creativity and subtle sensitivity," Summit production president Erik Feig told THR.
Condon won an Oscar for the screenplay of his 1999 film "Gods and Monsters." He also directed "Dreamgirls" and "Kinsey" and produced the 2009 Academy Awards ceremony with Hugh Jackman as host. The multi-talented director also recently took the reins for the pilot episode for the Showtime series "The Big C."
The third film in the series based on Stephenie Meyer's books, "The Twilight Saga: Eclipse," is set to come out June 30.