In an article published in the Toronto Life, director Ivan Reitman revealed that the film Ghost Busters 3 is currently in the works.

Reitman directed the first two Ghostbusters films with actors Bill Murray, Dan Aykroyd and Harold Ramis, but explained that he would only be producing the third.

“The studio is in, and we have writers working on it as we speak,” Reitman said when he was asked about the much anticipated sequel. “We’re ­hoping to film at the beginning of next year. Dan Aykroyd and I meet about once a month to talk about it.”

After Ramis’ untimely death, and Murray publicly saying that he would not reprise his role, fans are wondering if the third installment of the series would meet expectations.

“He’s [Murray] publicly said no, but Bill and I have done six movies together, and he never says yes until literally just before the shoot,” Reitman said of Murray. “Two TIFFs ago, we had a late dinner at Sotto Sotto, and we ate and talked until 4:30 in the morning. I told him, ‘I don’t care if you do ­Ghostbusters—I mean, I’d love it if you did—but why aren’t you doing leading parts for big studio films?’ He said he didn’t want that responsibility. He wanted to be a character actor.”

Aykroyd, the film’s creator, announced in July 2014 that production on the film would start in 2015. “It looks like we’ll be in pre-production in the spring now, from what I’m hearing,” he said at the time.