According to Variety, FilmEngine has approved a pitch for a sequel to the 2004 New Line hit that studio plans to distribute as a negative pickup of a sequel to The Butterfly Effect.

The pic will have all new characters, meaning original's star, Ashton Kutcher, isn't expected to be involved.

Veteran D.P. John Leonetti, who directed Mortal Kombat: Annihilation, has been tapped to helm from a script being written by Michael Weiss.

The story will follow a new character who, like Kutcher in the first, finds he can travel through time. As he changes past events, though, they have unexpected consequences in the present.

The pic is on a fast track, with casting set to start as soon as a script is delivered. Producers hope to start shooting by the fall.