Lionsgate and WWE Studios are planning on bringing the Leprechaun series back to life.
The original followed an evil, sadistic Leprechaun goes on a killing rampage in search of his beloved pot of gold through 6 films.
WWE CEO Vince McMahon wants to give their studios some time to grow under new lead Michael Luisi, who was given the film division in September.
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Here are the new leads thoughts on the project:
"We have been looking for ways to continue our relationship with Lionsgate and we saw 'Leprechaun' as the perfect opportunity to take a well-known franchise and put a modern-day spin on it. This is a property that we believe our audience will respond to and we continue to look for ways to surprise and engage them."
The studios are expecting a 2013 release date.