Can friends with benefits turn into something more?

LolaKay
there's this guy I like , we are so close and we decided to be friends with benefits , today was like our second round , first time when we hooked up he told me he had feelings for me and the other day he denied it, today we hanged out with a bunch of friends and decided that we want to be like this, do you think its a good chance to be turned into a relationship? What are the advantages and disadvantages of friends with benefits?
Updates:
+1 y
When I told him I'm you're sister he was like no you just friendzoned me, what do that means?
Can friends with benefits turn into something more?
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