The publication reports the Disney film will be comprised of 'a wholly original story with new characters', written by Birds of Prey writer Christina Hodson.
Beyond that, not a great deal is known about the movie at this stage, in terms of cast, storyline or whenabouts it will be released.
Meanwhile, the original Captain Jack Sparrow Johnny Depp has reprised his role as the swashbuckling protagonist in lockdown for a virtual children's hospital visit - though it looks as though he will never play the character on the big screen again.
In his cameo as the captain - which was live-streamed on Juiced TV's Facebook page - he said: "It's been a couple of years since I've been there and I miss it and I wanted to say hello. It's a wonderful facility.
"I'm with all of you and I send you all my love, all my irreverence and ignorance, because it's fun to be irreverent and ignorant. Thank you for sticking with me through all these very strange years.
"These three beautiful young people I've spoken with this evening and having heard from people who sent videos in, like little Ula, is one of the finest and most beautiful experiences that I've ever experienced and that is because of all of your commitment to this project and to taking care of one another and to helping out when times are curious and confusing."
He also took the opportunity to praise and thank healthcare workers at the hospital.
He said: "I must thank everyone who's made this virtual visit possible. I have been there and I've seen the amount of forward motion and instant movement that goes down in your kind of facilities.
"You guys work - all the nurses, the healthcare workers, the doctors - you work like absolute heroes.
"But I thank you all for allowing me to have this time with you - either as Johnny or as Captain Jack."
The value of children's hospitals is not lost on the actor, with his daughter Lily-Rose treated at Great Ormond Street Hospital in 2007 after contracting e-coli poisoning.
Lily-Rose - now 21 - suffered kidney failure but eventually made a recovery.
Speaking about this period on The Graham Norton Show, Depp said: "When my daughter was ill in Great Ormond Street, it was the darkest period of my life. I'd always done these visits but after that experience the visits became more and more important.
"The kids [at the hospital] are so courageous but to be able to bring a smile or a giggle to the parents means everything in the world to me."