Old Henry director Potsy Ponciroli, 43, will write the script for the new Goonies sequel for the Warner Bros. Motion Picture Group, Deadline reports. The sequel does not have a director yet, and the plot is still unknown to the public. Steven Spielberg, Kristie Macosko Krieger, and Holly Bario will be producing the film for Amblin Entertainment with Chris Columbus. Lauren Shuler Donner will be the executive producer. The news came about two weeks after the cast reunited at TCL Chinese Theatre in Los Angeles to celebrate Ke Huy Quan’s hand and foot imprint in Hollywood. A sequel has been rumored for decades. As early as last autumn, former cast members dismissed the idea of a sequel on social media. The original Goonies became an icon of 1980s entertainment and pop culture. It told the story of a group of kids—Mikey, Mouth, Chunk, and Data, among others—trying to rescue their homes from foreclosure by going on a wild treasure hunt.