Bill & Ted 3 is comparable to Ghostbusters 3 in that it's a long-awaited sequel to an 80s franchise that we often hear about, but may never actually see. Bill & Ted 3, though, may be a little closer to happening as it actually has a completed screenplay. Star Alex Winter, who has helped guide the story along with co-star Keanu Reeves and writers Ed Solomon and Chris Matheson, has offered us an update on the movie, revealing that we will see 'many versions' of Bill and Ted in this outing.

It's been 23 years since we last saw Ted 'Theodore' Logan and Bill S. Preston Esq. in 1991's Bill and Ted's Bogus Journey, and a lot has changed since then. Except that Bill and Ted didn't save the world as they thought they would. And the pair haven't quite grown up.

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Alex Winter, explains:

"[Bill & Ted] will be 40-something and it's all about Bill and Ted grown up, or not grown up. It's really sweet and really f*****g funny.

But it's a Bill & Ted movie, that's what it is. It's for the fans of Bill & Ted. It fits very neatly in the [series]. It's not going to feel like a reboot. The conceit is really funny: what if you're middle-aged, haven't really grown up and you're supposed to have saved the world and maybe, just maybe, you kinda haven't?

There's many versions of ourselves in this movie. [It's] answering the question: 'What happened to these guys?' They're supposed to have done all this stuff, they weren't the brightest bulbs on the tree, what happened 20 years later? To answer that question in a comedic way felt rich with possibility."

There is no telling when Bill & Ted 3 may actually go before cameras. Alex Winter claims that news of the sequel leaking too early actually hurt the film, and that is making the wait seem longer than it should.

"The thing we had going against us is that word got out. That was kind of a bummer. It just takes a long time to put a movie together. Now we're having to build this thing in public, which is fine. I just feel bad [the fans] have to get dragged through this long, boring, protracted process."

The actor then revealed that everyone involved with the 1989 original Bill and Ted's Excellent Adventure have remained good friends throughout the years.

"Me and Keanu Reeves and [original writers] Chris [Matheson] and Ed [Solomon] are all very close and have remained close over the years. We'd be having dinner and we'd be like, 'is there a point? Is there a way in?' We'd kick an idea around and go no and we would leave it alone for a bunch of years. I guess about four years ago we had an idea together that we thought was pretty great. I think it was because so much time had gone by that it was great."

Will we ever see Bill & Ted 3 become a reality? Only time will tell.