According to a report by Puck, the sequel is in its initial stage, and writer Aline Brosh McKenna who worked on the first part is expected to come on board for the second time around. 

As per the report, the first part's writer Aline Brosh McKenna is in talks to script the sequel. It further suggests that the plot will tentatively follow Miranda as the editor of Runway magazine, which is now dwindling in terms of business given the traditional route of print business. She encounters her former assistant Emily Charlton (Emily Blunt) who is now a luxury group’s senior executive. Miranda’s magazine needs advertising revenue and to see if Emily will help her given how she was thrown under the bus as Andy took over will form the crux of the film. 

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Meanwhile, there is no update if Anne will reprise her role. Earlier, Anne told Variety how hard she had to work to get the role. The actress said she had to "be patient" and traced the words "hire me" in the sand of a desk zen garden of an executive after their meeting was over to catch their attention.

Rachel McAdams was the first choice for the role because of her success in 'The Notebook' and 'Mean Girls', but she repeatedly turned it down. Juliette Lewis and Claire Danes also auditioned for the part. But when Hathaway landed the acting gig, she was over the moon. She said, "I was putting on a shirt. I had some buddies over. I remember running out in my living room, half-dressed, screaming -- I got 'The Devil Wears Prada'! I got 'The Devil Wears Prada'!"

(With inputs from ANI)