Following news that New Line Cinema had bumped The Conjuring 2 out of its October 23, 2015 planned release date, Deadline now reports that director James Wan has signed a two-pronged deal with the studio.

Wan, who is currently wrapping up directing duties on Fast & Furious 7, will return to direct The Conjuring sequel beginning next summer. New Line has revised the release date for the film, which will now arrive in theaters in 2016. The studio has added an untitled horror film into the old Conjuring sequel slot, however there is no word on what that movie might be.

Wan’s deal also includes a first-look producing option with New Line. The Austrailian filmmaker who has launched horror franchises including Saw and Insidious will look for new projects to produce on a “modest budget” in a variety of genres.

“We had a great experience with James on The Conjuring, and we give him a lot of credit for that movie working so well,” New Line president/COO Toby Emmerich said. “He worked on the screenplay and came to the take with very inventive things that were not in the script and cast it fantastically well. Add to that his work in producing Annabelle, and he is one of the masters of the genre and we’re happy to have him.”