Sequel Lost Boys: The Tribe, directed by P.J. Pesce, was released on DVD earlier this year.
Speaking to Moviehole.net, Pesce confirmed that Warner Premiere is planning another outing after the second instalment sold well.
He said: "It actually doubled their projections. Warner Bros. is very happy - and they sent me a bottle of champagne last week."
He claimed that original cast members Corey Feldman, Jamison Newlander and Corey Haim are expected to reprise their roles as the Frog brothers and Sam Emerson respectively.
Pesce added that he does not know if he will be asked to direct.
The original Lost Boys movie, which centred around two brothers who discover that their new hometown is frequented by vampires, was released in 1987.