Are you possibly ready for a new “nightmare”? Because it may possibly happen…

The estate of the late Wes Craven, who created the iconic Nightmare on Elm Street, has announced that they are actively taking pitches on a possible new vision of the fiend known as Freddy Krueger, who haunts and kills when his potential victims are in a dream-like state.

A remake was made in 2010 but was met with little fanfare and critical failure, despite the performance of Jackie Early Haley as the iconic killer, replacing the legendary Robert Englund, who became a horror legend with the role spanning from 1984 to 2003 with seven official films, a TV series, and the spin-off Freddy vs. Jason. Englund recently returned to the role for a one-off an episode of the sitcom The Goldbergs.

Just a few weeks before the Craven Estate’s announcement, actor/producer Elijah Wood and his Spectrevision partner Daniel Noah sparked interest in doing a new take on the franchise with the help of their Daniel Isn’t Real director and co-writer Adam Egypt Mortimer.

The new vision may possible take on either as a feature film or even a potential new series that would air on HBO Max.

More as this develops.

H/T: Bloody Disgusting