Woo-ping Yuen will direct the sequel using John Fusco's screenplay which will be based on "Iron Knight, Silver Vase" the fifth book in Wang Dulu's Crane-Iron Pentalogy series.
Donnie Yen stars as Silent Wolf, and Michelle Yeoh reprising her role as Yu Shu Lien.
Harvey Weinstein and David Thwaites will produce the film
The goal is to give the pic a 2015 release.
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