UPDATE: Curtosy of Corey Feldman's Blog, we have word from the original Goonie himself that this rumor is not true. Here is what Feldman had to say: "I have read the new rumor on Goonies 2 and all I can say of that is I have checked my sources and as for now it still does not exist. Sorry Clint, I guess you better check your source. However I would love to be proven wrong."

Is a long-gestating sequel about to happen? According to a new story, it definitely is. Moviehole is reporting from an annonymous source that Warner Bros. is not only setting up a The Goonies 2 film, but it will be a theatrical tentpole release as well. Here's a snippet from the article.

"A source at Warner Bros has since confirmed this - saying they are developing it as a major movie, but won't share anything other than that. Nothing we didn't already know though."

Related: The Goonies Cast Reunite for Special Anniversary Dinner

The arcticle also mentions that there are writers on board, although they are not named and a director or casting choices have not been revealed either.

We'll be sure to keep you posted on this new release as soon as we get more information.Corey Feldman's Blog