Spielberg and Barrymore planning E.T. sequel?

I read in this month's Empire magazine that Steven Spielberg would not even consider making a sequel to his classic 1982 movie E.T. but it seems that the National Enquirer has a better source. Celebutopia reports:

According the National Enquirer, Barrymore and Spielberg have met to discuss the project, which will show E.T. returning to Earth to rejoin the now-adult Gertie.

A source told the tabloid, "Steven and Drew are being very secretive about this baby. But they want to do this project and work together. Steven has an incredible story in mind for the sequel that will bring E.T. back to earth."

More at the end of the link above.