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.

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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

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.