According to the website PoltergeistIII.com, MGM management has been working for a while on a sequel to the 1982 film. They hope to announce the project soon.
The original film, written by Steven Spielberg, cost more than $10 million to make before earning more than $120 million in profits.
Two other sequels created in 1986 and 1988, did not share the same success as the first film.