Channing Tatum, Dan Aykroyd and are teaming up to produce a male-centric Ghostbusters movie.
Reitman confirmed the news to Deadline, saying that the second Ghostbusters reboot will complement director Paul Feig's female-centric film starring Kristen Wiig and Melissa McCarthy.
He said: "We want to expand the Ghostbusters universe in ways that will include different films, TV shows, merchandise, all things that are part of modern filmed entertainment.
"This is a branded entertainment, a scary supernatural premise mixed with comedy. Paul Feig's film will be the first version of that, shooting in June to come out in July, 2016. He's got four of the funniest women in the world, and there will be other surprises to come.
"The second film has a wonderful idea that builds on that. Drew [Pearce] will start writing and the hope is to be ready for the Russo Brothers' next window next summer to shoot, with the movie coming out the following year. It's just the beginning of what I hope will be a lot of wonderful movies."
Anthony and Joe Russo (Captain American: Civil War) are attached to direct the second Ghostbusters movie, while Foxcatcher star Tatum is expected to star.
Feig's all-female Ghostbusters will hit cinemas on July 22, 2016.