The film will see the return of an all-star cast, including Timothée Chalamet, Zendaya, Rebecca Ferguson, Javier Bardem and Josh Brolin.
Business Wire reports that new cast members will include Elvis star Austin Butler, as the villainous Feyd-Rautha, and screen-veteran Christopher Walken as the Padishah Emperor.
Florence Pugh and Léa Seydoux are also slated to join the ensemble.
The follow-up to the Oscar-winning film will explore the journey of Paul Atreides (Chalamet) as he unites with Chani (Zendaya) and the Fremen to take revenge on those who conspired to destroy his family.
The screenplay for Dune: Part Two was written by Villeneuve and Jon Spaihts and is based on Frank Herbert's novel.
The movie is reportedly being filmed on location in Budapest, Abu Dhabi, Jordan and Italy.
It is slated for worldwide release on 17 November, 2023.
Dune was nominated for ten Academy Awards and won six, including Best Original Score, Best Visual Effects, Best Cinematography and Best Editing.
Source: Press Association