'Red' Sequel In The Works

Summit Entertainment gave the go signal to brothers Erich and Jon Hoeber to pen the sequel for the hit action-comedy film "Red".

Even though screenwriters have been hired, THR reports that the second installment is not yet officially greenlit.

They must still sign back Bruce Willis, Morgan Freeman, John Malkovich and Helen Mirren.

With the $58 million budget range, "Red" grossed $90 million domestically and with worldwide total of over $164 million.