'Valentine's Day' sequel already underway. Hollywood bosses already hard at work on a sequel to the star-studded picture "Valentine's Day", however, the follow-up will be based on another special holiday, New Year's Eve.

The romantic comedy which features an incredible lineup including Julia Roberts, Bradley Copper, Jessica Alba, Jessica Biel, Ashton Kutcher, Anne Hathaway, Jamie Foxx, Queen Latifah is set to arrive in theater February 12 just in time for the romantic holiday.

The producers are so sure of success, they are already plotting their next movie -- which will feature some of the same characters in New York City on Dec. 31, according to Variety.com.

Director Gary Marshall is expected to return to helm New Year's Eve, which is slated for release in late 2011. So what do you guys think? Are you looking forward to "Valentine's Day"?