Last month, a rumor circulated that Warner Bros. may be cancelling director Guillermo del Toro's sequel Pacific Rim 2. The director clarified a week later that he is still planning on turning in the script and budget, while confirming that the production schedule has been delayed, and he may do another movie before tackling this big-budget sequel. Earlier today, the filmmaker took to his Twitter page to offer an update, revealing the script and budget has been turned in, although he hasn't been given an official answer yet.

Pacific Rim 2 was initially set for release on August 4, 2017, with production slated to begin this fall. Legendary confirmed last month that the sequel has been pushed out of that release date, which was snatched up just hours later by another sequel, Universal Pictures' Pitch Perfect 3. Legendary revealed in a statement last month that they are still committed to the project, with the delay made to give Guillermo del Toro and his team more time to deliver the "fully-immersive experience" that fans deserve. If Warner Bros. does issue a green light, it isn't known when principal photography may begin, or when the studio may release the sequel.

Guillermo del Toro co-wrote the script with Travis Beacham (Pacific Rim) and Jon Spaihts (Doctor Strange). No returning cast members from Pacific Rim have been confirmed, but it is believed that Charlie Hunnam, Idris Elba, Rinko Kikuchi, Charlie Day and Ron Perlman will be coming back. The director revealed that he plans on bringing back everyone who survived from Pacific Rim.

The director teased back in the summer of 2014 that he is planning on making a black and white creature feature, which he had hoped to shoot earlier this year before starting work on Pacific Rim 2. Now that Pacific Rim 2 has been delayed, it's possible that he could film this project in the interim, with the filmmaker John Hurt and an unspecified actress. This will likely depend on whether or not Warner Bros. decides to move forward with Pacific Rim 2.

Fans have also been waiting for the director to make Hellboy 3, which would bring Ron Perlman back as the beloved title character to round out the trilogy. Guillermo del Toro revealed this summer that Hellboy 3 may actually happen, but only if Pacific Rim 2 is a huge hit. If Warner Bros. moves forward with Pacific Rim 2, for release in either 2017 or 2018, that means, even if the sequel is a hit, we might not see Hellboy 3 until 2019 or 2020. While we wait for more details from Guillermo del Toro on Pacific Rim 2, check out the director's latest tweet below.