A sequel to Finding Nemo has been confirmed, with Andrew Stanton to direct the new fishy tale, according to showbiz websites.
The news comes in the wake of Stanton's disastrous live-action feature directing debut John Carter, which flopped at the box office, leading to a \$200m (£128m) loss for Disney earlier this year.
But Stanton won two Oscars for his animation work on Wall-E and the original 2003 Finding Nemo and has played a big role in many of Pixar's hits going back to Toy Story, including co-directing 1999's A Bug's Life.
The computer-animated undersea adventure Finding Nemo grossed \$867.9m (£557m) worldwide, making it Pixar's second highest-grossing film and the third-biggest Disney animated film release ever, after Toy Story 3.
Although Stanton is said to have been confirmed officially as the director of the latest Nemo outing, Disney and Pixar are keeping the news close to their chests, as they do not comment officially on projects in the pipeline.
The new story of the little clownfish Nemo is currently scheduled for release in 2016, while the original underwater adventure is due to be re-released in 3D in September.
The Pixar classic, which won an Academy Award for Best Animated Picture, starred Ellen DeGeneres, Albert Brooks and Willem Dafoe as the voices of Nemo, Marlin and company.
The scriptwriter for the new tale will be Victoria Strouse, with Lindsey Collins producing, but no further plot details have been revealed, according to the Hollywood Reporter.
Deadline.com reports that Pixar and Disney executives are thrilled about Stanton's concept for the follow-up movie.
Toy Story 3 and Cars 2 have already been released, and a Monsters, Inc. prequel is also on the way.