It looks like Universal ain’t too keen on putting Twins sequel ‘Triplets’ into development. Says the screenwriter Josh Gad recently for a Reddit AMA:
The script is actually done. Everybody agrees that it’s great. We wound up doing two drafts. Universal, I think, hit the pause button temporarily for whatever reason – internally I think they are trying to figure out if they want to do a sequel or not.
The big gun for that movie is Arnold Schwarzenegger. So I’m sure they’re waiting for now ’till after Terminator: Genisys is released to see how things go. And/or possibly they’ll want to see how Beverly Hills Cop IV performs. I think most people agree though that Conan 3 is needed before this movie, as far as Arnold is concerned.
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