From Collider:
We’ve heard rumblings over the years of minimal movement on Enchanted 2, but now sources tell us that the project is seriously heating up over at the Mouse House. Anne Fletcher (“The Proposal”) remains attached to direct, and the studio is now in the process of punching up the script with the hopes that it will be in greenlight-ready shape very soon. What’s more, we know the current working title: “Disenchanted”.
Story details remain under wraps, and it’s still unclear exactly which cast members will return. Amy Adams led a cast that included James Marsden, Patrick Dempsey, and Susan Sarandon in the first film and she has been enthusiastic about reprising her lead role over the years. Enchanted was a wonderful showcase of her talents, as she was able to bring the traditionally naïve “Disney princess” archetype to reality with shades of dimension and show off her formidable singing pipes in the process.
Source: Collider