Though Spirit Stallion of the Cimarron was released in 2002, there are currently no plans for making or releasing a Spirit 2. There are several fan-created videos on YouTube and other video websites, but there is no official confirmation on any websites.
IMDB usually creates a listing placeholder whenever a movie is released, and there is no mention of Spirit 2 on that website. Additionally, the original Spirit movie only made approximately $122 million worldwide in comparison to a budget of $80 million. Typically, a movie needs to make at least 200 percent of its budget to warrant a sequel.