The sci-fi action movie has reportedly been met enthusiastically at internal DreamWorks screenings, prompting the studio to bring in Gatins to start early development work on the sequel.
Real Steel stars Jackman as a boxer who is made obsolete when human fighters are replaced by robots. Teaming up with his 13-year-old son (Dakota Goyo), he builds a machine to compete for the championship.
Lost actress Evangeline Lilly, Kevin Durand, Hope Davis and Anthony Mackie also star in Real Steel for director Shawn Levy (Date Night).
Robert Zemeckis and Steven Spielberg are serving as executive producers on the film, while boxing icon Sugar Ray Leonard acted as a fight advisor.
Real Steel opens in UK and US cinemas on October 7.
Watch the trailer for Real Steel below: