Confirmation reaches us today, via THR, that Kate Beckinsale has officially closed a deal to reprise her role of Selene in the fourth installment of the Underworld franchise.

John Hlavin (The Shield) wrote the initial script, which went under re-writes by J. Michael Straczynski (The Changeling).

Underworld 4 will be a co-production between Screen Gems and Lakeshore Entertainment. A search is now underway for a director and the remainder of the cast.

Production is expected to commence in Vancouver during March 2011.

The vampire franchise has been hugely successful so far, with the first three films grossing over $300 million worldwide.

What do you think? Are you looking forward to seeing Underworld 4?