Yep, Jake Gyllenhaal Is Playing Mysterio in 'Spider-Man: Far From Home'

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While Gyllenhaal has repeatedly brushed off the speculation, he released his first video on the social media platform on Wednesday, with the short clip showing him reading an issue of The Amazing Spider-Man with the caption, "I just realized I'm not playing Spider-Man".

In the 37-year-old actor's first Instagram post, he jokingly confirmed what we all pretty much knew already. Now, the Oscar-nominated actor has finally put an end to the rumors.

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News broke back in May that Gyllenhaal had been tapped to play villain Mysterio in the new Spider-Man film, but both Marvel and the actor himself have been quiet on that - until now.

If you've always been desperate to see forever heartthrob Jake Gyllenhaal parade around the place in a helmet that looks suspiciously like an oversized fishbowl and a cape, congrats: because you'll be able to shove that very specific fantasy into your eyeballs real soon.

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In October, the Brokeback Mountain star highlighted the "intimacy" of the new Spider-Man film. This time around Peter and his friends go on a trip to Europe where he has to save his friends from Mysterio aka Quentin Beck.

Mysterio is a special effects expert who commits crimes and fights Spider-Man using elaborate illusions, according to The Hollywood Reporter.

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Spider-Man: Far From Home sees Peter Parker embarking on a global adventure and has been described as grander in scale and funnier than Homecoming.