Will they make A Sequel to the Labyrinth Movie?

As of my latest knowledge update in April 2023, there is currently no sequel in active development or production for the 1986 fantasy film "Labyrinth." However, I do not have real-time information or access to internal details of film studios or production companies, so it's best to rely on official sources or recent film industry news to stay up-to-date on potential new developments related to a possible sequel to "Labyrinth."