The paper said Fox Searchlight is developing the project, with a screenplay by Gabe Sachs and Jeff Judah, creators of the ABC drama "Life as We Know It." The roster of producers includes "Charlie's Angels" director McG and actors Adam Brody of "The OC" and Brett Harrison of "Grounded for Life."
McG told Variety Brody and Harrison came up with the idea for a remake.
"(Harrison) said everyone he knew would like to see a new take on the film, and I told him that I knew every single line of the original film and the sequel," said McG. "I could definitely relate to every aspect of those films and was absolutely on the nerd side."
Plans call for the sequel to carry an R rating and feature cameos by original cast members.