Director Luca Guadagnino has confirmed the film is in development during a new interview with La Republica.
"Before coronavirus, I had a trip to the United States (planned) to meet a writer I love very much, whose name I don’t want to say, to talk about the second part," the filmmaker says.
"Unfortunately, we had to cancel it. Of course, it is a great pleasure to work with Timothee Chalamet, Armie Hammer, Michael Stuhlbarg, Esther Garrel and the other actors. Everyone will be in the new movie."
The film earned BAFTA and Academy Award Best Picture nods, while Chalamet was Oscar nominated for his role of Elio.