Director Tsui Hark ("Seven Swords") is set to direct "The Eye 3", a third installment in the successful Chinese-language horror franchise reports the trades.
Investigating some ancient ruins in uncharted waters, a photographer is killed in a mysterious diving accident.
Soon after, his wife is haunted by images of things she has never seen and she suspects he's trying to communicate with her.
Danny and Oxide Pang directed three previous installments in the series. Lionsgate & New Line are separately developing English-language remakes of the first two films.
The Mandarin-language "Eye 3" is budgeted at $5 million and will shoot in China and Thailand.
