Filmmaker Guillermo del Toro took to his Twitter feed today to announce his next project in development, Scary Stories to Tell in the Dark. While the director didn't confirm if he is taking the helm on this project, a report from Heat Vision Blog claims that he may potentially direct. Guillermo del Toro is also producing alongside Sean Daniel, Jason Brown and Elizabeth Grave.

Scary Stories to Tell in the Dark was first acquired by CBS Films back in 2013, with Saw screenwriters Marcus Dunstan and Patrick Melton set to adapt the scary story collection. John August (Charlie and the Chocolate Factory) most recently came aboard to rewrite the script, but it isn't known if Guillermo del Toro is working from earlier drafts, or starting over from scratch.

The project is based on the short story collection from Alvin Schwartz, who compiled the stories from folklore and urban legend. The three-book children's series began with 1981′s Scary Stories to Tell in the Dark and continued with More Scary Stories To Tell In The Dark in 1984. Scary Stories 3: More Tales To Chill Your Bones was released in 1991. The books sold more than 7 million copies worldwide. The film will follow a group of outcast kids that face their fears to save their town after nightmares invade their lives.

Related: Scary Stories Documentary Gets Summer Release Date & Creepy Poster

The news comes just days after we reported that the filmmaker is boarding the gestating remake of Fantastic Voyage. The director also recently clarified that his impending sequel Pacific Rim 2 is not dead, following rumors that the sequel was indefinitely delayed. Of course, we'll have to wait and see which of these projects moves forward first.

Guillermo del Toro is coming off the gothic thriller Crimson Peak, which failed to impress at the box office during a busy fall season. Do you think the filmmaker will have better luck with Scary Stories to Tell in the Dark? Take a look at the director's announcement on Twitter below, and chime in with your thoughts below. Be sure to stay tuned for more developments on this upcoming adaptation.