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Ben Elton will team up with Andrew Lloyd Webber on the Phantom of the Opera sequel.
According to The Stage, Elton will write the book, Glen Slater will pen the lyrics, and Webber will produce the music.
Hairspray director Jack O'Brien is expected to helm to production.
Elton and Webber previously worked together on the The Beautiful Game in 2000. The comedian has also written the musicals We Will Rock You and Tonight's The Night.
A spokesperson said: "Yes, Ben Elton is the book writer. He has done the synopsis for the story. However, Glen Slater will be writing the lyrics."
The original Phantom of the Opera is the most successful stage musical of all time with global ticket sales exceeding $3.2 billion.
