News Corp. and Cameron are discussing plans for a sequel to the sci-fi adventure Avatar, Hollywood Reporter.com reported on Wednesday, citing a company source.

New Corp. chairman Rupert Murdoch said on Tuesday he was almost definite there would be a sequel, with a possible trilogy on the way. However, he warned fans not to "hold your breaths for an early one."

According to Hollywood Reporter.com, Murdoch said they had "very early talks about it," and Cameron "has ideas" already but he has not come to "any agreement with him or budget or timing." The company's vice-chairman, Chase Carey, confirmed that both New Corp. and Cameron intend to create a sequel.

Cameron's sci-fi blockbuster Avatar, about a disabled marine who penetrates a race of giant blue aliens, has surpassed his 1997 Titanic to become the highest box-office grossing film of all time.

It won best drama at the Golden Globes and is head-to-head with his ex-wife Kathryn Bigelow's The Hurth Locker in the Oscar nominations list with nine nominations apiece.

MOSCOW, February 3 (RIA Novosti)