Despite the fact Cloverfield feels as close to a standalone flick as it's possible to get, director Matt Reeves is already thinking about how he'd helm a follow-up.
"Only time will tell. While we were on set making the film we talked about the possibilities and directions of how a sequel can go. The fun of this movie was that it might not have been the only movie being made that night, there might be another movie! In today's day and age of people filming their lives on their iphones and handy cams, uploading it to youtube...That was kind of exciting thinking about that."
Go to Bloody Disgusting for more details
Source: (Bloody Disgusting)