According to Birth.Movies.Death, they've heard that the upcoming Spider-Man reboot is indeed titledSpider-Man: Homecoming (which makes sense all things considered) and that we may even get to see the treatment for that a little later today during Sony's CinemCon presentation.
Time will tell on that front, but the site adds that The Vulture is going to be a villain in the movie. They're not sure what kind of role he'll end up having, but do mention that they've previously heard that Adrian Toomes won't be the main big bad. The Spider-Man movies have struggled with utilising more than one villain in the past, so he'll hopefully make little more than a cameo appearance if this report is accurate and he's not the wall-crawler's main foe.
Sam Raimi actually planned on using The Vulture in Spider-Man 4, and John Malkovich was being eyed for the role at the time, so it will be interesting to see if Marvel and Sony go back down that route or cast someone entirely different. Either way, the dynamic of a young Peter Parker squaring off with an octogenarian villain will certainly be quite a bit different to what we've seen before.