Prepare yourself, 'cause "IT" is officially coming back. The plan for two movies -- one focused on the young Losers Club, and a sequel as they're older -- is moving forward.

According to The Hollywood Reporter, New Line is firming up plans for "Chapter Two," as "It" readies to open this Friday. The positive reviews are hoped to be a sign of a big box office opening.

One of the "It" screenwriters, Gary Dauberman, closed a deal to write the sequel, also adapted from Stephen King's expansive novel. Director Andy Muschietti seems ready to return, but he reportedly has no deal in place. (Maybe they are all waiting to see how "It" does in its opening weekend.)

THR's sources added that what's currently being called "Chapter Two" will take place 27 years later, but flashbacks will figure into the story, meaning the first movie's young cast may return. When the sequel script is finished, the studio will head out to cast the older stars.

Andres Muschietti previously told Variety the plan was to start filming this coming spring 2018.

"We'll probably have a script for the second part in January. Ideally, we would start prep in March. Part one is only about the kids. Part two is about these characters 30 years later as adults, with flashbacks to 1989 when they were kids."

The first "IT" movie opens this Friday, September 8. A release date of sometime in 2019 is being eyed.

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