Ever since the Hellboy sequel Hellboy II: The Golden Army came out in 2008, fans have been impatiently awaiting any sort of formal announcement on Hellboy 3, which director Guillermo del Toro and star Ron Perlman have been trying to get off the ground. We haven't heard any updates on the long-gestating sequel since last October, when Hellboy sequel Hellboy II: The Golden Army star Jeffrey Tambor claimed that Hellboy 3 may still be happening. Of course, we haven't heard anything about the project since, but director Guillermo del Toro offered an update to The Daily Beast, stating that the sequel will cost $120 million, which most studios aren't eager to hand out.

"The hard fact is that the movie's going to need about $120 million and there's nobody knocking down our doors to give it to us. It's a little beyond Kickstarter. It would be great to complete the trilogy. But in a way I don't see the world-the industry-supporting that idea."

One potential financier may be Legendary Pictures, who Guillermo del Toro says may financially back the project if the director's sequel Pacific Rim 2, slated for release on August 4, 2017, is a bit hit at the box office. Still, even if Pacific Rim 2 does break the bank at the box office, and Hellboy 3 does move forward, that means we likely wouldn't see it hit theaters until either 2019 or 2020. The director also added that he wants to make the movie soon, poking fun at 65-year-old Ron Perlman's age.

"But you know, Ron is no spring chicken, so we'd better get to it before Hellboy has to do everything from a Barcalounger. I would watch that."

Ron Perlman revealed in an interview last year that he will never stop trying to get Hellboy 3 made, "because the first two films were set up for this huge resolve and he (Guillermo del Toro) already understands what that resolve will look like." The actor wouldn't divulge any details regarding the story of this final installment, and it isn't known if his co-stars Selma Blair and Doug Jones will return for the sequel. Still, the mere mention of Hellboy 3 gets longtime fans excited. When Guillermo del Toro mentioned the title at last year's Comic-Con, the 6,500 fans in Hall H broke into riotous applause.

It isn't known if Guillermo del Toro has actually written a full script for Hellboy 3 yet, but it seems he already has the story well mapped out. The director's next film, Crimson Peak, hits theaters this October, and he starts shooting Pacific Rim 2 sometime this fall. The director recently cleared some space in his schedule by dropping out of Dark Universe, but it isn't known what he will shoot after Pacific Rim 2. Do you want to see how Hellboy 3 wraps up the franchise? Let us know what you think below.