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According to Collider, Jon and Erich Hoeber will write the follow-up to last year's action-comedy movie starring Bruce Willis, Helen Mirren and John Malkovich.
The Hoeber brothers wrote the screenplay for the original RED, as well as for the 2012 movie Battleship, which features the singer Rihanna in her film debut.
RED has been the highest grossing film for Summit, apart from the movies in the Twilight franchise, earning $164 million (£103m) worldwide.
RED was nominated for a Golden Globe for 'Best Motion Picture (Comedy or Musical)', but lost to The Kids Are All Right.
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