Summit Entertainment is close to securing a director for it's planned sequel to hit action film Red, THR is reporting.  The film starred Morgan Freeman, Bruce Willis, John Malkovich, and Helen Mirren; all of whom are expected to return for the sequel.

The 2010 film, about four "over-the-hill" ex-CIA operatives who are forced out of retirement, grossed close to $200M worldwide.

For those who never saw the first film, check out the trailer: