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Despicable Me sequel in the works

Mike Fleming of Deadline New York is reporting that due to the success of Despicable Me (which opened to an impressive $56.4M this past weekend) Universal Pictures is moving forward with a sequel:

…Despicable Me is the first Universal film in a while where the studio doesn’t have to defend the costs and first dollar gross outlays. The film was made for $69 million with little or no gross out the door. It is a fresh IP with a sequel already in the works: Despicable Me 2 talks are already underway among the studio, [Illumination studio head Chris] Meledandri, and writers Cinco Paul and Ken Daurio.