Reitman 'on board' for new 'Ghostbusters'

Ghostbusters and Ghostbusters 2 director Ivan Reitman has agreed to work on the third movie in the franchise, reports suggest.

According to horror fansite Bloody Disgusting, Reitman has not yet decided whether he will direct the project but has indicated that he will be on board to produce.

It is thought that the forthcoming sequel will see the team of paranormal experts resurrecting their ghost-capturing business after it has been closed for years.

Meanwhile, there are also rumours that the film's writing duo Gene Stupnitsky and Lee Eisenberg have now turned in a script.

The original Ghostbusters movie was released in 1984, while the second followed five years later. News of the latest instalment first emerged in July 2008.