While Isla Fisher was on the Today Show she revealed a “Wedding Crashers” sequel might be happening, as we reported last weekend. Now, Deadline and Variety are confirming the news. The latter is reporting the movie is in “early development”. Both are reporting New Line found screenplay writers. No deal has been made, but Deadline is reporting they are planning or bringing back the original cast including Rachel.

Insiders say there is reason to be hopeful, even though it’s not near a green light because the stars need to sign off creatively and then make deals that will be pricey. I’m told is a sequel script has just been turned in by Evan Susser & Van Robichaux to New Line, and the plan is for David Dobkin to return as director, along with the original stars Owen Wilson, Vince Vaughn, Fisher and Rachel McAdams. No word on whether they’ll try to bring back Will Ferrell, Bradley Cooper or Christopher Walken, each of whom had memorable moments in the first film. Andrew Panay is returning as producer.

New Line sparked to the writing team Susser & Robichaux after they scripted the upcoming Ice Cube-Charlie Day starrer Fist Fight, which the studio releases February 17. The writers competed for the open writing assignment, and their pitch for the sequel won them the job. The original grossed $285 million worldwide on a $40 million budget.

Writer Evan Susser confirmed the news on his twitter account.