Jason Reitman, son of director Ivan, is to make a new film in the Ghostbusters series his father began in 1984.
"Finally got the keys to the car," said Reitman Jr in a Twitter post linking to a news article confirming the project.
The Juno director said the film would be set in the present and be
"the next chapter in the original franchise".
The new film - which follows the 1984 original, 1989's Ghostbusters II and 2016's female-led reboot - is scheduled for release in summer 2020.
Reitman, who will also co-write the film with Gil Kenan, said it would not be another reboot, but would
"follow the trajectory of the original film".
There will be
"a lot of wonderful surprises and new characters for the audience to meet", he promised.
"I've always thought of myself as the first Ghostbusters fan, when I was a six-year-old visiting the set," the 41-year-old told Entertainment Weekly.
"I wanted to make a movie for all the other fans."
Dan Aykroyd, Bill Murray and the late Harold Ramis starred in the original film, which told of paranormal investigators who become freelance ghost catchers.
The 2016 film, directed by Paul Feig and starring Melissa McCarthy and Kristen Wiig, got a lukewarm reception and made $229m (£178m) worldwide.
"I have so much respect for what Paul created with those brilliant actresses, and would love to see more stories from them," Reitman continued.
Ivan Reitman, whose other comedies include Stripes, Twins and Kindergarten Cop, said the new film represented
"a passing of the torch both inside and out".
The 72-year-old told Entertainment Weekly he was
"quite surprised" to learn his son wanted to continue the series, but said his ideas had left him
"literally crying".
Jason Reitman's latest film, political drama The Front Runner, is currently in cinemas.