The controversial Goonies sequel is making good progress according to its writer, who has also defended the need for the film.

Plans for a follow-up to the '80s classic were first reported last year, sparking widespread concern from fans.

Screenwriter, director, and producer Potsy Ponciroli gave an update on The Goonies 2 at a Deadline-moderated event at the Venice Film Festival.

As per the publication, he said: 'I have turned in a first draft, which was very well received, and I'm on a second draft and I'm about 95 percent done with that so we're moving in the right direction.'

He also took a moment to address the online response and reassured fans that the project will be treated 'with utmost care.'

Ponciroli added: 'I know there's a lot of "do we need a new Goonies," 'but I'm the biggest fan of the original, it's my favorite movie of all time.

'I'd never "redo" The Goonies. To me it was a story that never ended so this is the movie I want to see as one of its biggest fans.'

The publication reports that Ponciroli does not yet know when the film will move into production and that a director has not yet been announced.

The original film, written by Chris Columbus and released in 1985, has become a classic hallmark of '80s cinema, known for its mix of action, humor, and heart.

It follows a group of kids from the 'Goon Docks' neighborhood in Astoria, Oregon, who discover an old treasure map in the attic of one of their homes.

This map leads them on a thrilling quest to find the long-lost treasure of One-Eyed Willy, a legendary 17th-century pirate.

Along the way, they must outsmart a family of criminals, the Fratellis, who are also after the treasure.

Not only will the sequel be an iconic throwback for decades of fans, but it will also be a huge throwback for the cast as many of the original members are said to star.

Mikey Walsh - played by Sean Astin - was the optimistic leader of the Goonies and was determined to save his home from foreclosure by finding the treasure.

Brand Walsh - played by Josh Brolin - was Mikey's older brother, who was reluctantly dragged into the adventure.

Chunk - depicted by Jeff Cohen - was the group's clumsy but lovable friend, known for his 'Truffle Shuffle' dance.

Mouth - who was played by Corey Feldman - was a wisecracking member of the group with a knack for getting into trouble.

Data - depicted by Ke Huy Quan - was the gadget enthusiast who used his inventions to help the group escape dangerous situations.

And the iconic Sloth - plated by John Matuszak - was the misunderstood, gentle giant and disfigured son of the Fratelli family, who becomes an ally of the Goonies.

Ex-NFL star John died in 1989 aged 38 and has forever been cemented in Hollywood history while his legendary catchphrase, 'Hey you guys!'