Vanessa Hudgens will reprise her role in the second sequel of ‘High School Musical.’

Sources have also reported that the actress would also be given a ’substantial increase’ in pay.”Vanessa is locked for the movie,” Us magazine quoted the source, as saying.

The source also added that the deal was on the verge of getting done and the 18-year was thrilled to be the part of the film.

“It is almost a done deal. She is very happy that the deal is done. The contract will be signed within the next week,” the source said.

However, officially, Hudgens’ rep has not yet confirmed the casting news.

“There is no deal yet. They are still in negotiations,” the rep said.

The shooting of the film will begin in January 2008.

Ashley Tisdale is also set to reprise her role as Sharpay Evans