The Goonies' sequel is gaining momentum, as Potsy Ponciroli has been tapped to pen the screenplay for Warner Bros.

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.

Nearly 40 years after its release, "The Goonies" is getting a sequel! Warner Bros. is developing "The Goonies 2" with a new script in the works.