The guys over at 24 Frames are reporting that Sly will not being directing the sequel to 'The Expendables', and is instead currently meeting with potential directors for the movie.
The same report is also claiming that the films script has been written by Ken Kaufman (Space Cowboys) and David Agosto and as it stands right now, all the original cast is set to return although it hasn't been officially confirmed yet.
Not many other details are known about the film right now, but I think it's safe to say that we'll be seeing some big additions to the cast, we might even get to see Arnold Schwarzenegger have some more screen time in this film (If he's in it). There's definitely no shortage of action stars for this movie, just please god no Jean Claude Van Damme.