Clay Kaytis, who already tackled the yuletide holiday season with 'The Christmas Chronicles,' is directing the feature for Legendary and Warner Bros.

The two companies are gearing up to make a sequel to the yuletide holiday classic, A Christmas Story, closing a deal for Peter Billingsley, the child star of the original 1983 movie, to topline and produce.

Titled A Christmas Story Christmas, the feature intended for HBO Max will be directed by Clay Kaytis, who already tackled the snowy holiday season with The Christmas Chronicles for Netflix and has a script by Nick Schenk, the writer behind recent Clint Eastwood movies such as Gran Torino and The Mule, sitting under the leg lamp.

While the original movie followed Ralphie, a nine-year old boy who desperately wanted a Red Ryder BB rifle and was set in 1940, the new story will take place in the 1970s and sees an adult Ralphie return to his house on Cleveland Street to deliver his kids a magical Christmas like the one he had growing up.