Here's great news for "Star Wars" fans - a seventh blockbuster is being planned for the series, although director George Lucas had previously said the current "Star Wars: Episode III - Revenge of the Sith" would be the last.

Lucas now appears to have changed his mind and is reportedly developing a prequel to the 1999 flick, "Star Wars: Episode I - The Phantom Menace", reports Internet portal Femalefirst.

"George believes there are even more stories to tell. His latest idea would feature an almost all-new cast, apart from the Jedi master Yoda, who would be the hero of the new movie," an insider said.

According to reports, the film would be set 100 years before the current movies. Lucas will reportedly try to take a backseat throughout the next production.