"With the magazine world being as small as it is, it's only a matter of time before she hears the dreaded syllables 'Ahn-dre-ah!' again," reported EW.
The sequel will also see the return of Sachs' snippy Runway magazine nemesis, Emily, who now works alongside her at The Plunge.
HarperFiction publishing director Lynne Drew said in a statement: "I'm thrilled to be once more encountering the world of glossy mags, Miranda Priestly and our favourite heroine, with a novel set to be one of the big summer reads of 2013."
The new book is set for release in April 2013.
There's been no official word yet on whether a movie adaptation of the sequel is in the pipeline, but given the commercial success of the film (Streep was also Oscar-nominated for her role as Priestly), it's probably inevitable.
But could Streep be lured back for a sequel?
Access Hollywood's Shaun Robinson caught up with the star at the Women In Film 2012 Crystal + Lucy Awards in Beverly Hills this week, and asked about the possibility of Streep reprising her role in a second Devil outing.
She's game, but...
"Yes, no, no, I don't... is there one?" she said. "I've never heard about it."
She added: "But sure, I mean, I'd have to lose the f***ing weight, but yes. I guess I would do, I would do that, yeah."
Click ahead to 3:35 for Streep's thoughts on reprising her role (semi-NSFW):
Check out the Devil Wears Prada trailer below:
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