A few days ago, Fox announced a batch of release dates which included an untitled Ridley Scott movie set for March 4, 2016.
It's now confirmed to be for Prometheus 2.
It's reported by The Wrap that Michael Green, who wrote the Green Lantern movie, has been tapped to write the Prometheus sequel with filming set to begin this Fall.
It's stated the sequel will be much more "alien-y" and more in line with the terrifying tone of past Alien films in addition to featuring multiple David androids (played by Michael Fassbender).
In addition to Prometheus 2, Michael Green wrote the upcoming new Blade Runner movie for Ridley Scott as well.
Prometheus debuted in 2012 netting over $400 million on a $130 million budget and was received with mixed reviews.