No deals for the cast are in place yet. Disney, the studio that would be behind the film following its acquisition of the original The Devil Wears Prada studio Fox 2000, has not commented.

According to reports, the 2006 film, based on the book of the same name, follows Andy (played by Hathaway), a recent journalism graduate who lands one of the most coveted jobs in publishing as the assistant to Miranda Priestly (Streep), an Anna Wintour stand-in. Andy navigates the world of magazines and high fashion with the help of her fellow assistant (Blunt).

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The film grossed a massive $326 million at the worldwide box office and earned Streep an Oscar nomination. The website Puck first reported the news of the sequel, offering insights into a possible plot where Priestly remains the head of Runway, but the magazine has faced the financial challenges of contemporary publishing and is in a diminished state.

Blunt’s former assistant character would now be an executive at a luxury brand conglomerate that advertises with Runway. While promoting her recent film, The Idea of You, Hathaway said that she was doubtful about the possibility of a sequel, saying, “I don’t think a continuation of that story is probably ever gonna happen.”

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