The director of Morbius talks about major spoilers ahead of the film’s release. If you want to remain spoiler-free, only continue at your own risk.
We just published the piece that the director of Morbius, Daniel Espinosa, confirmed that the film isn’t part of the MCU and is part of the same Venomverse we were introduced to in the 2018 film. Yet, it seems that that doesn’t mean we’ll get a crossover between the two franchises, as the director seems to imply that Michael Keaton‘s return as Vulture in the trailers is indeed the version we were introduced to in the MCU. He goes out of his way to confirm that it is indeed the one from Spider-Man: Homecoming and even gives away how he ends up in the film.
So, it seems that No Way Home sent various heroes to other dimensions and accidentally also teleported Vulture in the process. Yet, that makes no real sense as the film was all about sending people back to their respective universes based on the fact that they knew Spider-Man is Peter Parker. It almost would imply that Vulture was already from a different dimension from the get-go, but that was never part of his story when we first meet him.
In a way, it seems like Sony wanted an excuse to have the character return and used the loophole surrounding the spell to explain why he’s part of Sony’s universe. We might expect them to pick and choose whoever landed in whatever universe so they can build whatever they are trying to attempt, but the fact they reveal it ahead of the release makes no real sense. Perhaps they have a trick up their sleeve once the film hits theaters, or they are banking on that connection selling the film.