Warner Bros. has tapped Potsy Ponciroli to write the forthcoming sequel. Steven Spielberg and Chris Columbus will return to produce the film with Kristie Macosko Krieger and Holly Bario for Amblin Entertainment. Lauren Shuler Donner will executive produce. No director has been attached to the new project.

A sequel to The Goonies is officially in the works – and with none other than Steven Spielberg set to produce.

The Goonies” are officially back. Warner Bros. has hired Potsy Ponciroli to write the script for the sequel, it was announced Friday — almost 40 years after the original movie hit theaters back in 1985.

Old Henry director Potsy Ponciroli, 43, will write the script for the new Goonies sequel for the Warner Bros. Motion Picture Group, Deadline reports. The sequel does not have a director yet, and the plot is still unknown to the public.