Paramount Pictures and Hasbro are developing an untitled fourth G.I. Joe movie, with the studio in negotiations with the writing team of Joe Shrapnel and Anna Waterhouse to pen the script.

The new project would be a follow-up to Paramount’s upcoming release Snake Eyes: G.I. Joe Origins, with Crazy Rich Asians star Henry Golding in the lead role as the head of an anti-terrorist group. Robert Schwentke directed the pic, which opens on Oct. 23.

The movie is a reboot of the franchise and comes seven years after G.I. Joe: Retaliation. The film series, based on Hasbro’s action figure toy line, was launched in 2009 with G.I. Joe: The Rise of the Cobra. The two G.I. Joe films grossed a combined $US678 million ($A1.1 billion) at the worldwide box office.