If you enjoyed X-Men: First Class last year, you’ll be happy to hear that a sequel is now in the works!

The news was announced today by Fox.

Heat Vision learned:

Concurrent with today’s announcement that Emma Watts renewed her contract as 20th Century Fox production president until 2015, it was revealed that Fox has closed deals for Matthew Vaughn and the cast of X-Men: First Class to return for the forthcoming sequel.

Vaughn joins previously-announced collaborators Bryan Singer (X-Men and X2), who is producing, and Simon Kinberg, who wrote Sherlock Holmes, but perhaps more importantly to fans of the franchise, the critically-reviled X-Men: The Last Stand.

No time frame for release has been set, but we’d estimate between late 2013 and 2014, if not a little later. Lawrence will of course have to fit this film into her Catching Fire schedule. That film is due to begin filming this summer.