Is another Donnie Darko tale in the works at Fox? If a new rumor is to be believed, then it seems so. Bloody-Disgusting is reporting that 20th Century Fox is moving forward with yet another Donnie Darko sequel.

The studio released the straight-to-DVD sequel S. Darko: A Donnie Darko Tale last month and it seems that a third film is being readied, and that original Donnie Darko director Richard Kelly might actually be involved on some level.

opWhile S. Darko: A Donnie Darko Tale really wasn't that bad, how will a third film work? Will they continue to follow Sam or will they just create a brand new character? If in fact Richard Kelly is involved (he turned down the chance to direct S. Darko: A Donnie Darko Tale), we have to wonder whether this will see a theatrical release or just go straight to DVD/BD. Only time will tell.../op

Related: Donnie Darko Sequel in the Works?

The site hadn't received confirmation from the studio as of yet, so we'll be sure to keep you posted on any new developments surrounding this potential sequel.