The first two thrillers in the franchise were huge hits when they were released in 2008 and 2012.
Deadline.com said production company EuropaCorp is planning to start shooting the second sequel in February.
Producer Luc Besson and Robert Mark Kamen are penning the script for the third installment, but no director has been mentioned yet and it is unclear if previous cast members Maggie Grace and Famke Janssen will return for the latest adventure.
Notable deaths of 2014 [PHOTOS]
James Wan tapped to direct 'The Conjuring 2'