(http://freddyo.com/wp-content/uploads/2014/02/Screen-shot-2012-08-27-at-115639-PM_zps77fb6553-1.png)
IGN (http://www.ign.com/articles/2014/02/22/space-jam-2-is-happening) || The Verge (http://www.theverge.com/2014/2/21/5435052/space-jam-2-could-be-happening-with-lebron-james-in-tow) || Hollywood Life (http://hollywoodlife.com/2014/02/22/lebron-james-space-jam-2-starring-role-rumors/) || USA Today (http://ftw.usatoday.com/2014/02/report-lebron-james-will-star-in-space-jam-sequel/)
So it's rumored that Space Jam 2 may be in the works, though Lebron James' people have already denied that he's in the movie at all. Nothing about the film's existence has actually been confirmed, as far as I can find, but nothing's actually been denied either. So we'll probably just have to wait and see how this all turns out.
But still. Wow. Space Jam 2, bitches. The slam jam has won out this time. What a time to be alive.
Original Film's Official Website (http://www2.warnerbros.com/spacejam/movie/jam.htm)