Fuqua said the move "will happen eventually" and Elba is reportedly the first choice to take on the role.
Elba has been a favourite to replace Daniel Craig since talk of him taking over the role began in 2014, after leaked documents from the Sony hack revealed co-chair of the company Amy Pascal put him forward.More news: Turkish lira hits new low on worries over economy, U.S. row
He said to Vanity Fair: "It could be a woman - could be a black woman, could be a white woman". 'Do something different with it.
There has been a bonafide grassroots movement to get Elba a role as Bond.More news: ‘Out of the question’ - Russia ATTACKS new U.S. sanctions over Salisbury poisoning
"Slumdog Millionaire" director Danny Boyle is slated to direct the next James Bond film.
The latest Bond film is scheduled to reach United Kingdom cinemas on October 25, 2019.
According to multiple reports, Equalizer 2 director Antoine Fuqua recently met with Bond producer Barbara Broccoli and talked about the franchise, presumably because his own name has come up before in connection with directing future instalments. MGM will distribute the film domestically while Universal Pictures will handle global distribution.More news: Bowing to Israeli bullying, BBC changes Gaza killings headline
Speaking in 2015, when asked about returning to the role, Craig told the Guardian: 'Now? No, not at the moment. I'm over it at the moment.