Speculation is also mounting that Sky chairman James Murdoch could be installed as Disney chief executive if the sell-off goes through.
Deadpool star Ryan Reynolds couldn't resist weighing in on Disney's rumored pending merger with 21st Century Fox, which could see the company take over fabled studio 20th Century Fox, which distributed the first Deadpool movie and is releasing its upcoming sequel.
The deal, which would include Fox's movie assets and part of its TV assets, could be sealed as soon as next week, according to reports by CNBC.
Iger had previously voiced his intention to step down from the position in 2019, but the implications of this massive deal is obviously a game-changer for the industry.
However, things have since changed, with Disney believed to be close to a deal worth between US$60 billion and US$70 billion for the entertainment assets of Fox, minus the broadcast, news and sports networks.
Comic book fans are understandably stoked at the possibility of seeing the X-Men and Fantastic Four characters become a part of the Marvel Cinematic Universe, but if this deal does happen, then Disney would be gaining far more than the rights of those Marvel characters.
CNBC has been reporting that Disney has held talks with the Rupert Murdoch-controlled media company to acquire its studio and television production assets, leaving Fox with its news and sports assets.
Those assets include cable channeles such as FX, the TV and movie studios, regional sports networks in the US, and worldwide assets including stakes in Sky and Star TV.