'Top Gun: Maverick' will be released in July 2019.
The highly-anticipated sequel - which will see Tom Cruise reprise his role as fighter pilot Pete 'Maverick' Mitchell - has signed Joseph Kosinski up as director and will be hitting cinemas 33 years after the original movie was released.
Producer Jerry Bruckheimer revealed on Twitter: ""Excited to make it official. Joe Kosinski is on board to direct. And Top Gun is coming to theaters July 12, 2019. #TopGun #Maverick (sic)"
Tom previously explained the movie will be similar in tone to the first 'Top Gun' film.
He said: "Aviators are back, the need for speed. We're going to have big, fast machines. It's going to be a competition film, like the first one ... but a progression for Maverick."
The original 'Top Gun' movie was directed by the late Tony Scott - who died in 2012 - and also starred Kelly McGillis, Val Kilmer, Anthony Edwards, and Tom Skerritt.
In the movie, Tom played a cocky aspiring pilot who falls in love with the beautiful instructor Charlie Blackwood, played by McGillis.
Joseph - who previously worked with Tom on 'Oblivion' - was favourite to take the director's job after he recently met with the actor and impressed him with his vision for the film.
Speculation about a follow-up to the classic movie have been circulating since 2008, when it was reported Hollywood bosses were keen to resurrect the feature.
A source said at the time: "The idea is Maverick is at the 'Top Gun' school as an instructor - and this time it is he who has to deal with a cocky new female pilot."