Deadline is reporting that China’s top action star Donnie Yen and his reps just closed his deal for Yen to star in Crouching Tiger Hidden Dragon II: The Green Destiny, which Woo-ping Yuen is directing from a John Fusco script for The Weinstein Company.

Deadline went on to say:

That deal was started by Paradigm, where Yen recently left. His role in the film isn’t a surprise; he appeared at a Cannes panel on the film that I moderated last May. The film begins production in New Zealand in June and Michelle Yeoh reprises her role from the original. Though new to the U.S., Yen has been acting, producing, directing and serving as action choreographer since 1982. He was named the top earning artist in Forbes Asia, and this film will be his first as a leading man in an English language film. Yen is coming off the 3D epic Monkey King, which set a single day record at the China box office with $41 million in ticket sales, and is has grossed over $165 million in China and is spawning a sequel. Yen starred and choreographed and directing the realistic and unconventional fight scenes.

BUT THIS MEANS A Crouching Tiger Hidden Dragon II!!!!!  And THAT is awesome news.