Is Pixar Planning Monsters Inc. 2?

Pixar is reportedly hard at work on a sequel to Monsters, Inc.

The proposed follow-up to the 2001 animation joins two other Pixar updates scheduled for release, Toy Story 3 and Cars 2.

Disney have approached Jim Hill Media about the project at Las Vegas trade fair Licensing International Expo 2009.

director Pete Docter is said to be taking on the sequel as his next film, which is currently in its very early stages of development.