According to Playbill, Harvey Fierstein is writing a stage version of the movie musical about New York City paperboys in the late 1890s.
Academy Award-winning composer Alan Menken is also working on the project with Fierstein and lyricist Jack Feldman.
"Yeah, it is in development. What it's going to be is - honestly, right now - undetermined. I think Disney is still trying to decide whether it's a first-class production or whether it's stock and amateur," said Menken.
He added: "But there will be available a stage musical of Newsies. That's all I can say. I've been writing it with Harvey Fierstein and Jack Feldman. [How it emerges is] just gonna be [a] business decision of how Disney wants to proceed with it. But yes, we are developing it."
The original movie starred Christian Bale, Luke Edwards and Max Casella.