'Big Lebowski' Fans? That Sequel Isn't On The Horizon

(UPDATE 5 PM Thursday): Not so fast Lebowski fans! We are now told that this story is bogus! The "sequel" story first surfaced in 2011 and took up traction today -- but we have now learned it is false. Fans waiting for a sequel ... will have to wait a little while longer. Sorry for the "Big" letdown.

LOS ANGELES (CBS) — Lebowski fans, lift up your White Russian! The much-anticipated sequel to the 1998 hit "The Big Lebowski" is set to start filming in October, according to the Examiner.

Jeff Bridges returns as "The Dude" along with his right hand man, Walter Sobchak, played by John Goodman.

The dynamic duo has just learned that their bowling alley will be closing in exactly one week and to make way for a parking garage. The new villain is a corrupt land owner named Bavarian Illuminati, who is played by Bill Murray, the Examiner said.

They seek out the help of "The Dude's" son Mark Lebowski, played by Jesse Eisenberg, who was conceived in the first movie. He's now 18-years-old and has become the youngest congressman in the history of the United States.

"The Dude" and Walter make their way to Washington, but they need the help of some old friends to save their prized bowling alley. The boys put aside their differences with their bowling rival, Jesus Quintana (John Turturro), to take on their new enemy. Philip Seymour Hoffman reprises his role as Brandt and Julianne Moore returns as Maude Lebowski, according to the report.

The film was written by the Coen brothers Joel and Ethan, and directed by Joel Coen.

It is still unclear if Tara Reid will return to the screen. It's rumored that the Coen brothers were so angry after she leaked the project in 2011 that they pulled her from the film.

"The Big Lebowski 2: The Dude Goes To Washington" is scheduled to be released in 2015.