Disney announced during an earnings conference call earlier today that Toy Story 4 is currently in the works. Disney later issued an official press release, which includes the news that Rashida Jones and her Celeste and Jesse Forever writing partner Will McCormack have been tasked with writing the screenplay.

John Lasseter, director of the original Toy Story and Toy Story 2, will direct the film, which opens a new chapter in the lives of Woody, Buzz Lightyear and the Toy Story gang. The story was dreamt up by Lasseter, Andrew Stanton, Pete Docter and Lee Unkrich, the storytellers who have been the driving force behind all three Toy Story films.

Here's what John Lasseter had to say in a statement.

"We love these characters so much; they are like family to us. We don't want to do anything with them unless it lives up to or surpasses what's gone before. Toy Story 3 ended Woody and Buzz's story with Andy so perfectly that for a long time, we never even talked about doing another Toy Story movie. But when Andrew, Pete and Lee and I came up with this new idea, I just could not stop thinking about it. It was so exciting to me, I knew we had to make this movie-and I wanted to direct it myself."

Pixar veteran Galyn Susman (ABC's Toy Story of TERROR! and Toy Story That Time Forgot) is producing.

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Best known for her work as an actress on The Office and Parks and Recreation, Rashida Jones made her screenwriting debut with 2012's Celeste and Jesse Forever, which she co-wrote with Will McCormack. She has also written an episode of the new NBC sitcom A to Z, which Will McCormack executive produces.