3D 'Gremlins' sequel in the works?

A third instalment in the Gremlins series is reportedly in the works.

The new movie - which is being touted as a 3D production - is in the early stages of development, according to Market Saw.

The original 1984 Gremlins centres on a man who buys his son (Zach Galligan) an exotic pet from a Chinatown store that reproduces rapidly when exposed to water. The creatures also transform into aggressive green monsters after midnight.

Joe Dante directed Gremlins and its 1990 sequel, while Steve Spielberg and Harry Potter's Chris Columbus were involved as producer and screenwriter respectively.