MUMBAI: New Line Cinema is already planning a sequel of its yet to release comedy flick Valentine‘s Day with Garry Marshall.

The sequel New Year‘s Eve, will go on floor by the end of this year and is expected to release in late 2011. It is believed that Valentine‘s Day producers Mike Karz and Wayne Rice will return as well as screenwriter Katherine Fugate. Josie Rosen will executive produce and New Line executives Mike Disco and Sam Brown will oversee the project.

New Year’s Eve will see some of the same characters from Valentine‘s Day, and the story will be set in New York City on New Year‘s Eve.

Meanwhile, Valentine‘s Day will release on 12 February. The cast includes Jessica Alba, Bradley Cooper, Anne Hathaway, Patrick Dempsey, Hector Elizondo, Jamie Foxx, Jennifer Garner, Topher Grace, Ashton Kutcher, Taylor Lautner, George Lopez, Queen Latifah, Julia Roberts and Emma Roberts.

The Gray Marshall movie (Pretty Woman fame) is centered around Reed (Kutcher) and his best friend, Julia (Garner). Julia is very much in love with a doctor (Patrick Dempsey) and Reed, who is a florist by the way, has a girlfriend too (Jessica Alba).

Julia‘s boyfriend is two timing her. Reed finds about it and is in a dilemma whether to tell his best friend about it.