Disney is looking to set sail with Pirates of the Caribbean 5, hiring Jeff Nathanson (Tower Heist) to work on the screenplay. Johnny Depp is set to return as Captain Jack Sparrow.

Back in January 2011, five months before Pirates of the Caribbean: On Stranger Tides was released, we reported that Terry Rossio was brought on to write the Pirates of the Caribbean 5 screenplay. Ted Elliott, who co-wrote the first four movies with Terry Rossio, did not return to work on the script. It isn't known if Jeff Nathanson is starting from scratch, or if he is re-working Terry Rossio's draft.

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It isn't known if franchise stalwarts such as Geoffrey Rush and Kevin McNally are coming back for this fifth adventure. The franchise has earned a whopping $3.5 billion worldwide, with the last movie, Pirates of the Caribbean: On Stranger Tides, earning more than $1 billion.

Jeff Nathanson's other screenwriting credits include Rush Hour 2, Catch Me If You Can, The Terminal, Rush Hour 3, and Indiana Jones and the Kingdom of the Crystal Skull. He also has The 39 Clues in development at Paramount Pictures.