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According to breaking news at Deadline.com, director Ridley Scott is preparing to produce and direct a “new installment” of Blade Runner, creating a successor to the classic science fiction film that he directed in 1982.

Scott has revisited the movie on numerous occasions over the years,  and Deadline is unclear whether the new film will be a prequel, a sequel or a complete reboot of the concept, returning to its roots in Philip K. Dick’s novel Do Androids Dream of Electric Sheep? However, following Scott’s return to the Alien franchise, albeit laterally, in Prometheus, and his very vocal promotion of the 3-D process in film making, maybe he can work the magic a second time.

The new Blade Runner will be made with Alcon Entertainment, who have a distribution deal with Warner Bros. Alcon’s Andrew Kosove and Broderick Johnson said in an official announcement, “It would be a gross understatement to say that we are elated Ridley Scott will shepherd this iconic story into a new, exciting direction. We are huge fans of Ridley’s and of the original Blade Runner. This is once in a lifetime project for us.”