The actor and filmmaker created the box office hit in 2004 which recounted the final hours of Jesus' life.
It took in £145 million ($162 million) worldwide.
Mel Gibson has told Yahoo Movies he will now create the next film, The Resurrection.
He said: "It's not the 'Passion 2.'
"It's called 'The Resurrection.'
"Of course, that's a very big subject and it needs to be looked at because we don't want to just do a simple rendering of it — you know, read what happened.
"But in order to read it, experience and explore probably deeper meanings of what it's about, it's going to take some doing and [screenwriter] Randall Wallace is up to the task."
As of yet there is no official confirmation that the film will go ahead.