The 'Woman In Black' sequel will take place during World War II, 40 years on from the action of the first film.
Screenwriter Jon Croker has teamed up with author Susan Hill to develop the much-anticipated sequel for Hammer Films, 'The Woman in Black: Angels of Death', which will have a brand new cast.
Hammer Films president Simon Oakes commented: "We are proud and honoured to be working with Susan again on 'The Woman in Black: Angels Of Death', a wonderful new tale every bit as atmospheric and terrifying as its predecessor."
According to Empire online, the haunted Eel Marsh House - where the action of the first movie was set - is seized by the British government and turned into a military psychiatric ward in the new film.
The sequel's protagonist will be called Eve, a nurse sent to work with the disturbed patients and has to fight to save them from the evil black-clad presence.
No director or cast have been lined-up as yet.
The first film starred 'Harry Potter' actor Daniel Radcliffe as a lawyer who uncovers a terrifying secret in Eel Marsh House.
The film - which was directed by James Watkins and written by Jane Goldman - has grossed £75m worldwide to date since its release in February 2012.