Zeitlin's first film, "Beasts," took awards at the Cannes and Sundance film festivals this year.
Zeitlin says he would like to use the same production team and cast in the new, yet-to-be-titled project.
The news comes as Zeitlin prepares to receive the New Orleans Film Society's "Celluloid Hero" award, an honor bestowed to industry standouts who have made significant contributions to the art of making films.
Zeitlin will be recognized Thursday at the society's patron party and gala, the main fundraiser for the New Orleans Film Festival, which is Oct. 11-18.
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