You will be able to call the Ghostbusters for any busting of ghosts next summer, and not how you think. Paul Feig tried to reboot the franchise in 2016 with his all-female movie, and while it wasn’t as much of a disaster as we thought, it still wasn’t what the series and Sony needed and/or wanted. No word on a follow-up was made, but a huge surprise dropped yesterday that Jason Reitman, son of original director Ivan Reitman, has been given the reigns to write and direct a sequel that will continue the story after Ghostbusters II.

Entertainment Weekly has the exclusive report on Sony’s “covert operation” yesterday, where Reitman himself talked about when the movie will take place in the timeline:

“This is the next chapter in the original franchise. It is not a reboot. What happened in the ‘80s happened in the ‘80s, and this is set in the present day.”

Jason Reitman has made quite a name for himself from behind-the-camera for the last decade. His debut film Thank Your for Smoking was received very well, but was followed by his best film to date, Juno, which also earned him a Best Director Nomination from the Academy. He then followed that with a number of solid films over the years, including both Tully and The Frontrunner this year, but he was never able to top what he did with Juno. I’m not saying Ghostbusters 3 is a guaranteed hit, but it will be his biggest project to date. His father, Ivan, will stay on as producer and let EW in on when Jason came to him with the idea for the film:

“It will be a passing of the torch both inside and out,” says Ivan, adding that he’s touched his son wanted to join this part of the family business. “It was a decision he had to come to himself. He worked really hard to be independent and developed a wonderful career on his own. So I was quite surprised when he came to me with Gil and said, ‘I know I’ve been saying for 10 years I’m the last person who should make a Ghostbusters movie, but…I have this idea.’ Literally, I was crying by the end of it, it was so emotional and funny.”

Sony has been trying to get the cameras rolling on this movie for decades. Original star Dan Aykroyd has a script ready to go in the ’90s, but the other main actors weren’t on board to return then. Fast forward to the 2010s and Ivan Reitman announces he would direct a third movie. Everyone but Bill Murray agreed to return, but the passing of Harold Ramis put a hard stop to the project until Pail Feig came to Sony with a completely new idea, resulting in the 2016 entry. While Sony has climbed on to a few ideas over the years, it seems like the Ghostbusters gods were just waiting for the right time to greenlight an official sequel.

We don’t know how long this project has been in the works, but considering it’s being called Sony’s “secret” project, plus the fact that we already have a sneak peak at it implies it’s been in the works for some time. A release date is being set for next summer, with production expected to begin this summer. No word on who is returning, but some reports are saying Reitman is looking to cast four teenagers for the lead roles. Hopefully we hear more on that soon.

For now, check out the first teaser below! How do you feel about this? Do you want to see a direct sequel or a sequel of the 2016 version? Who do you want to see return? Sound off in the comments below! We’ll update you all as news trickles out for this quite exciting project.