"Enchanted" director Anne Fletcher ('The Proposal') will return to director's chair and the studio is currently in the process of developing the script with the hopes that it will be in greenlight-ready shape very soon, reported Aceshowbiz.
Details are scarce and it is still unkown whether the original cast members will reprise their respective roles.
Amy Adams hinted previously that she had been enthusiastic about reprising her lead role. Besides Adams, James Marsden, Patrick Dempsey and Susan Sarandon were in the cast of the first film.
In 2014, Disney brought in J David Stem and David N Weiss to pen a need script and kept Fletcher attached to helm it.
"Enchanted" grossed USD 340 million at worldwide box office.
The movie received three Best Original Song nominations at the 80th Academy Awards for Alan Menken and Stephen Schwartz's "Happy Working Song", "So Close" and "That's How You Know".