From a chat at Fangoria between Italian horror maestros Dario Argento and Luigi Cozzi:
"Michele [Soavi] has told me that he has started to write the script for a special horror project he plans to shoot between the end of 2011 and the beginning of 2012: a sequel to his Gothic masterpiece DELLAMORTE DELLAMORE, a.k.a. CEMETERY MAN,” Cozzi tells us. “He’s going to produce it himself and wants it to really be a great, strong, shocking Italian horror movie.”.
... “Michele also told me,” Cozzi reports, “that he’s probably gonna shoot, in 2011, a movie in the style of THE GOONIES, starring Nicolas Cage, about some boys’ adventures in Pompeii, the dead Roman city near the Vesuvius volcano, while searching for a hidden treasure.”