Producer Lorenzo di Bonaventura tells Coming Soon that while they haven't officially hired any writers yet, they've been consulting with folks and trying to hash out a story for a fourth film in the "Beverly Hills Cop" franchise.

"We've been analyzing the franchise and asking lots and lots of people about Axel Foley. 'What do you love about Axel and what would you want to see with an Axel Foley movie?'" says di Bonaventura.

He adds "I think we have enough information now that we'll probably be hiring a writer in the next four to eight weeks and taking a good shot at it."

The original 1984 film earned a massive $234 million, the third film in the series however in 1994 took in a mere $43 million.