The "G.I. Joe" franchise continues to expand.

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 $678 million at the worldwide box office.

Veteran action producer Lorenzo di Bonaventura, who has produced the `G.I. Joe` and `Transformers` movies, will produce the new film with Hasbro's Allspark Pictures.

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There's a new #GIJoe movie in the works, as a follow-up to this October's release of 'Snake-Eyes: G.I. Joe Origins.' More on the project, from the writers of 'Seberg' - at the link in bio.

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Shrapnel and Waterhouse wrote the recent Jean Seberg biopic `Seberg,` starring Kristen Stewart, and Netflix's `Rebecca,` with Armie Hammer and Lily James. The duo is also working on Legendary's `The Great Machine,` based on Brian K. Vaughan's comic book `Ex Machina.` They are repped by Grandview, Curtis Brown and attorney Sean Marks.