The update will follow a now adult Rusty Griswold who takes his family on a road trip to Wally World before it closes forever. Chevy Chase, who just appeared in a HomeAway Super Bowl spot as family patriarch Clark Griswold, is expected to reprise his role.
Variety notes that Vacation marks Goldstein and Daley's fourth project at New Line in two years. Most recently, they did an overhaul of Horrible Bosses, about three friends who resolve to kill their employers. They are also rewriting Burt Wonderstone, about a prominent Vegas magician who falls from grace. And they sold original spec The $40,000 Man to the company in 2007.