If all would have went according to Paramount's original plan, fans would have already seen Beverly Hills Cop 4 in theaters, since the studio set a March 25, 2016 release date for the long-awaited sequel back in 2014. However, last May, the studio pulled the movie from its 2016 slot, where it would have faced the superhero blockbuster Batman v Superman: Dawn of Justice, so it could continue developing the sequel, which has Eddie Murphy set to return as Axel Foley. Today we finally have a new update on Beverly Hills Cop 4, with the studio bringing aboard filmmakers Adil El Arbi and Bilall Fallah (Black) to direct.

Deadline reports that producer Jerry Bruckheimer and star Eddie Murphy have been diligently developing the script by Andre Nemec and Josh Appelbaum (Teenage Mutant Ninja Turtles: Out of the Shadows). When they met with Adil El Arbi and Bilall Fallah, they learned how important the Beverly Hills Cop franchise truly was to the filmmakers. This project would mark a huge step up for the them, whose last project Black won the Discovery Award at last year's Toronto International Film Festival.

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While no story details have been confirmed yet, we reported back in 2014 that the sequel was set to be shot in Detroit, to take advantage of a $13.5 million tax rebate. This new report claims the story will bring Axel Foley back to his Detroit origins, with the studio hoping to start production either later this year or in early 2017. Paramount hasn't set a release date at this time, but it's possible the sequel could be ready for release in late 2017, if everything goes according to plan.

The story reportedly is set during the worst winter on record in Detroit, with the studio still planning on shooting in and around the Detroit area. It isn't known if there are plans to bring back original Beverly Hills Cop stars Judge Reinhold, John Ashton or Paul Reiser for the sequel, but now that the sequel finally has directors on board, hopefully we'll hear more about this sequel soon. The first three Beverly Hills Cop movies have taken in over $735 million worldwide, with the first movie's $234.7 domestic take holding the record for decades as the highest-grossing R-rated comedy of all time, before The Hangover broke that mark with $277.3 million in 2009.

Adil El Arbi and Bilall Fallah made their directorial debut in 2014 with Image, which they followed up last year with Black, neither of which have been distributed in the U.S. quite yet. Brett Ratner was once attached to direct this sequel, but it isn't known if he will stay on as a producer or not. We'll be sure to keep you posted with more updates on Beverly Hills Cop 4 as soon as more information comes in.