Warning: Contains SPOILERS for Thor: Love and Thunder.
Loki (Tom Hiddleston) isn't in Thor: Love and Thunder, and Marvel Studios has a good reason why. The God of Mischief was integral to Thor's (Chris Hemsworth) arc in the MCU, having been either against him or by his side throughout most of his battles thus far. As such, it's understandably jarring to see the God of Thunder going on this new adventure in Thor: Love and Thunder without his brother. Luckily, Marvel Studios has a solid explanation for why Loki isn't around during the fight against Gorr the God Butcher (Christian Bale).
The Avenger embarks on a new mission after Avengers: Endgame in Th0r: Love and Thunder. Spending time with the Guardians of the Galaxy on galactic quests, the God of Thunder also takes the time to focus on taking care of himself, both physically and mentally. That's until the threat of Gorr the God Butcher becomes apparent. It forces him to return to Asgard where he teams up with Valkyrie (Tessa Thompson) and Jane Foster (Natalie Portman), who is now Mighty Thor. One ally conspicuously absent throughout all of this is Loki.
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When Thor: Love and Thunder is set in the MCU timeline isn't entirely clear, but the film does take place after the Infinity Saga. At this point, the Sacred Timeline Loki is already dead. The God of Mischief died at the beginning of Avengers: Infinity War at the hands of Thanos (Josh Brolin). Unlike his previous deaths, Marvel Studios never resurrected him even after the reverse snap in Avengers: Endgame. Instead, a 2012 version of the character exists in the Marvel universe and is the one spearheading Disney+'s Loki series. That being said, he is somewhere
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