Source
SciFi Wire:
Hellboy star Ron Perlman told SCI FI Wire that he spoke with someone intimately involved with the proposed sequel, Hellboy 2: The Golden Army, and was informed that May 1 was a "great day in the genesis of turning of Hellboy 2 into a reality."
Perlman added: "What that means? I know they're incredibly close. I know that there's one studio in particular that I probably shouldn't name [that] is pounding away at looking at the budget and has expressed a huge enthusiasm for [Guillermo] Del Toro's script and the desire to do the project. Now they're just pushing numbers around. And I wouldn't be surprised if it's announced very soon."
The sequel would pick up the story of the red-skinned demon and his team in the Bureau of Paranormal Research and Defense, including the amphibious Abe Sapien and fire-starting Liz Sherman.
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