Guillermo del Toro revealed several key details about the future of Pacific Rim 2 today on Twitter. The Crimson Peaks director revealed that screenwriter John Spaihts was writing the script for the movie and that the budget for the film had been prepared.

To answer all tweets re: PAC RIM 2: Budget ready. Awaiting script from John Spaihts. Then is up to the studios to give it a green light. — Guillermo del Toro (@RealGDT) October 11, 2015

While the 2013 Pacific Rim was a box office hit, earning over $411 million in theatres, the sequel has been up in the air since September, when production on the movie was halted due to script and budget issues. While many were worried that Pacific Rim 2 had been cancelled, del Toro assured fans that the movie was still moving forward back in September. del Toro mentioned last week that he wanted Game of Thrones actress Maisie Williams to pilot a Jaeger if Pacific Rim 2 ends up moving forward.

del Toro will direct Pacific Rim 2, which brings back stars Charlie Hunnam, Rinko Kikuchi, Charlie Day and Burn Gorman. The movie was originally scheduled to hit theatres in August 2017, but the recent delays means the release will have to be pushed back.