'The Woman In Black: Angels Of Death' will take place 40 years on from the events of the first film and will be produced by legendary studios Hammer.
A still from 'The Woman in Black'
It will be adapted by Jon Crocker, after the 'Kick-Ass' screenwriter adapted the last one, BBC News reported.
"We are proud and honoured to be working with Susan again on 'The Woman in Black: Angels Of Death', a wonderful new tale every bit as atmospheric and terrifying as its predecessor," said Hammer.
Following its release early February, 'The Woman In Black' went on to gross more than 75 million pound worldwide.