While it was rumored for a number of months, Lionsgate has finally come forward to announce the sequel of last year's surprising action flick, 'John Wick.'

What may be even more exciting is to hear that not only will Keanu Reeves be back to reprise his role, but director Chad Stahelski and David Leitch will be back to helm the new project.

'John Wick' was Reeve's longtime return to the action genre, and it turned out doing really well with the general public.

A synopsis of the film has not yet been released, but the studio has given us this following logline:

"In the follow up to last year's adrenaline-fueled revenge and redemption thriller, legendary hit man John Wick is back."

In spite of the sequel just now getting a green light, director Stahelski already had ideas for it. Here's what he said in an interview with Movies.Com two months ago:

"We have ideas for days and without blinking twice we know we can outdo the action from the original. It's the matter of story and how much you like the character. That's always the most important. If there's great action but you have a character that no one likes and doesn't have charisma you're not going to watch it."

Here's the studio's official press release:

"SANTA MONICA, Calif, May 4, 2015 - Lionsgate (NYSE: LGF) has confirmed plans to produce a sequel to 2014's critically-acclaimed breakout hit 'JOHN WICK', it was announced today by Rob Friedman and Patrick Wachsberger, Co-Chairmen of the Theatrical Motion Pictures Group. Keanu Reeves along with directors David Leitch and Chad Stahelski as well as screenwriter, Derek Kolstad are set to return for the sequel. The film will be released through Lionsgate's Summit Entertainment and will be produced by Thunder Road's Basil Iwanyk, who produced the first film.

In the follow up to last year's adrenaline-fueled revenge and redemption thriller, legendary hit man John Wick is back.

"With such tremendous fan and critical support for 'John Wick,' we knew that there was still so much more of this story to tell," said Jason Constantine, President of Acquisitions and Co-Productions. "We are thrilled that Keanu, David and Chad have re-teamed with us and promise to bring audiences even more excitement the second time around."

Jason Constantine and Eda Kowan at Lionsgate will oversee the project on behalf of the studio.

Lionsgate International will be promoting the picture internationally at the upcoming Cannes Film Market.