The big screen adaption of the DC comics starred Willis and Mirren alongside John Malkovich and Morgan Freeman as retired spies.
It has grossed $164 million (£109 million) to date worldwide since its release in October (10) and even landed a Golden Globe nomination for Best Picture - Musical or Comedy at this year's (11) ceremony.
And now bosses at Summit Entertainment have invited writers Erich and Jon Hoeber back to write a follow-up, according to Collider.com.
It is not yet known whether any of the original all-star cast will return for the planned sequel.
UPDATE: The project has officially been greenlit, though none of the stars are attached to return. So, woo?
Looks like Summit Entertainment thinks the world needs a little more old men and women with big guns teaching all these young ‘uns how they used to do it back in the day.
The studio has commissioned Red’s original scribes Jon and Erich Hoeber to pen a sequel and if it likes the script then they may go along with the follow up. Of course, the film would need its original cast back, which means fatter pay checks for Helen Mirren, Bruce Willis, John Malkovich, and Mary-Louise Parker. What’s that? Why didn’t I mention Morgan Freeman? BECAUSE HE DIED IN THE MOVIE. Oh yeah, spoiler alert.
And, this being a sequel means the producers are going to have to up the number of old people with guns. May I make a few suggestions? Geoffrey Rush with a bazooka. The guy Leonerd from Community (Richard Erdman) with ninja stars. Judi Dench with a katana. More of Mary-Louise Parker doing the possibly NSFW pie baking thing seen here. Just no damn Betty White!