During an interview for the Blu-ray 3D, Blu-ray and DVD release of Pacific Rim, director Guillermo del Toro revealed that he is currently writing the sequel, Pacific Rim 2, with Travis Beacham. However, Warner Bros. hasn't given a green light for the follow-up as of yet.

"No, we are writing the sequel. Travis Beacham and I are writing, so that is active. The decision to green light or not, that's definitely above my pay rate. To me, what was beautiful and flattering was how people saw the movie not once or twice but three, four times or more. People that love it, love it with great passion. So I would love to continue telling stories about that world."
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The director also offered an update on his Frankenstein project, which doesn't seem any closer to starting production.

"You know, I hope it [Frankenstein] does [happen], in the right way and the right moment. Every time I get with Universal, we talk about doing it, and then for whatever reason something else takes over. Right now, I'm busy for the next two years, between finishing The Strain and doing Crimson Peak. So it just happens like that. Your life leapfrogs a couple of years, if not more, when you're a filmmaker. When you're a filmmaker that generates his own projects, for sure."

However, Guillermo Del Toro's Pinocchio is a bit closer to happening, as soon as they find a new financing partner.

"We have a large part of the financing in place. One of the partners we had simply stopped making films. We are looking for a new partner, and hopefully it will happen. It's always serendipity, which project happens and which one doesn't."