Sandra Bullock Jokes Practical Magic Reunion Will Be ‘Good Trouble’ at Director Griffin Dunne’s Book Launch

Sandra Bullock is more than ready for Practical Magic 2.

The actress, 59, reunited with Griffin Dunne, the director of the original 1998 film, during a book party at the Georgian Hotel on Tuesday, June 18, for his memoir, The Friday Afternoon Club: A Family Memoir.

At the event, which was also attended by Mary McLaglen, the film's line producer, Bullock opened up about her excitement for the upcoming sequel, expressing, "Here comes trouble, but good trouble."

While it is not known if Dunne and McLagen are attached to the new project, Bullock praised Dunne's storytelling abilities, expressing, "You feel like you were always in the back seat experiencing it all with him. He has lived more lives than a cat."

"I don’t know anyone who has experienced what he has and can still manage to find the love and humor in even the darkest of places," she added.

Jason Sudeikis, Mandy Moore, Chris Sullivan, John Huertas, Dan Fogleman, Emma Roberts, Michael Keaton, and Melissa Benoist were also on hand to celebrate Dunne's new book, which he previously shared with PEOPLE helped him find a balance between "humor and tragedy."

In an interview with PEOPLE on Thursday, June 13, Nicole Kidman confirmed that she and Bullock are set to reprise their roles in the upcoming film, which has a screenplay by Akiva Goldsman.

"Yes I will be in it. And Sandy will be in it. And that's that. There's a lot more to tell which is why we go, 'OK, this is kind of interesting now to be able to do this. We found a way in,' " said Kidman, 56. PEOPLE first reported that the actresses were in talks to star and produce the film on Monday, June 10.

The original film, based on the 1995 novel by Alice Hoffman of the same name, features Bullock and Kidman as the Owens sisters, a pair of witches who face a family curse that prevents them from ever finding lasting love by killing off the men they're involved with.

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While an official release date has not been set, Warner Bros. said it is " in development and coming soon" in a previous announcement.