Warner Bros. has finalized deals with producer Akiva Goldsman and Will Smith's Overbrook Entertainment for the sequel I Am Legend 2. Arash Amel has signed on to write the screenplay.

Back in December 2008, we reported that I Am Legend 2 will be a prequel to the 2007 blockbuster I Am Legend, which took in $585 million worldwide. However, this new report reveals I Am Legend 2 is not a prequel. The plan is for Will Smith to return as Robert Neville, who was one of the last men left on earth after a virus wiped out most of the earth's population. However, it is said that Will Smith won't commit to starring in the project until the script is ready.

Of course, if this is not a prequel, that brings up the question of how exactly they plan to bring back Will Smith as Robert Neville, after the events of I Am Legend. It also isn't known if I Am Legend director Francis Lawrence plans to direct the sequel.

No production schedule was given for I Am Legend 2.