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Thor Freudenthal to direct Percy Jackson and the Olympians sequel + Logan Lerman reprising lead role

24 Frames | LA Times is reporting that 20th Century Fox has hired Thor Freudenthal (“Diary of a Wimpy Kid”) to direct a sequel to the 2010 film “Percy Jackson and the Olympians: The Lightning Theif”. The sequel is based on the second book by Rick Riordan titled ‘The Sea of Monsters’. Original star Logan Lerman will reprise his role as Percy Jackson.

“Percy Jackson and the Olympians: The Lightning Thief” grossed $88.8M domestically, but performed better in foreign territories where it added $137.7M for $226.5M worldwide.

LA Times adds that the film is being fast tracked and could be ready for release by early 2012.