'The Goonies', a 1985 cult classic, is being revived by the film's director Richard Donner.
The kids' adventure film, which was scripted by Chris Columbus, featured Corey Feldman, Josh Brolin, Sean Astin, Jeff Cohen and Martha Plimpton on a quest to find a pirate treasure, reported People magazine.
"We're doing a sequel," Donner said.
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While Donner previously said that he did not think there was going to be a sequel, Astin never gave up hope and had said that the cast were still good friends.
"I'm 1,000 percent certain there will be a sequel. I will bet my children on it," Astin had said.