It seems Fox is in development to create a sequel to the 2010 “Percy Jackson & the Olympians: The Lightning Thief” entitled “The Sea of Monsters,” which is the title of the second book in the series. (There are five books in the series.)

“The Sea of Monsters” be directed by Thor Freudenthall with Chris Columbus, who directed the first installment, as producer. The movie is set to release sometime in 2012.