Is there going to be a spiderwick chronicles 2 movie?

As far as I can tell, there are no confirmed plans for a Spiderwick Chronicles 2 movie. The first movie, released in 2008, was a moderate critical and commercial success, but it did not perform well enough to warrant a sequel at that time. While there have been rumors of a potential sequel over the years, nothing has been officially announced or confirmed by the studio or any of the filmmakers.