Despite the negative reception of the 2010 remake ofA Nightmare on Elm Street, rumors of another reboot from New Line have persisted for years. Back in 2015, the new reboot got its first major update whenThe Conjuring 2writer David Leslie Johnson-McGoldrick was hired by the studio to write the screenplay. Three years past this announcement, there hasn’t been any word on the movie’s progress, making it unclear if the project was still in the works. Finally, Johnson-McGoldrick has weighed in on the reboot’s status, confirming that he’s still on board to pen the movie. The bad news is that there’s apparently no rush to get anotherA Nightmare on Elm Street Rebootdone anytime soon.

“It’s still happening. Nothing is percolating just yet.The Conjuringuniverse is sort of first and foremost on [New Line Cinema’s] horror burner. Everybody wants tosee Freddy againI think, so I think it’s inevitable at some point.”

What Johnson-McGoldrick is explaining here financially makes sense.The Conjuringand its subsequent sequel and spin-offs have proven to be huge moneymakers for New Line, and more so than theElm Streetmovies. While “The House that Freddy Built” will always have a place for the Springwood Slasher, churning out moreConjuringmovies seems to be their focus right now. Johnson-McGoldrick is currently working onThe Conjuring 3, which has been set for a 2020 release date. With anotherAnnabellesequel coming in 2019, there’s going to be a lot to look forward to from theConjuringuniverse, but unfortunately that seems to leave Freddy behind.

However, the people at New Line have undoubtedly noticed thetremendous success achieved by the new Halloween sequelfrom David Gordon Green. The movie became not only the highest-grossing movie in theHalloweenseries, but the most successful slasher movie of all time. With theFriday the 13thfranchise still working out its licensing issues preventing another sequel, now seems to be the time to make a newNightmare on Elm Streetmovie. Original star Heather Langenkamp has already said she’s on board to reprise her role in a new sequel, generating even more fan anticipation to see it happen.

Robert Englund formally retiredfrom playing the role after appearing one last time as Freddy Krueger in 2003’sFreddy vs. Jason. However, back in October, Englund reprised the role once again for a guest appearance onThe Goldbergs. He has since teased that he might have one more Freddy movie left in him, contrary to prior claims that he’d never play the character again. Hopefully New Line has been paying attention, because a newElm Streetmovie with Englund and Langenkamp has the potential to do just as well asHalloween.

The movies in theConjuringfranchise are some of the best movies that modern horror has to offer. However, fans of the genre still clearly have a lot of appreciation for the classics. WithEnglund and Langenkamp both availablefor one more movie, the right ingredients are there to make something special. Let’s keep our razor-clawed fingers crossed for the movie to finally get made. This information comes to us fromGameSpot.