Now, Director Timur Bekmambetov reveals that the project is in fact moving forward, after having to pitch a whole new take on the story.
"An unbelievable thing happened three weeks ago. Because we stopped, we didn't know what to do for three or four years. Three weeks ago I came up with a great idea and I pitched this idea and everybody fell in love with it. And now I think we're on track. Right now the writer is working on the script, and it will be shocking."
The filmmaker also confirms this follow-up will continue the story of James McAvoy's character, Wesley Gibson, although other unspecified cast members from Wanted will not be brought back.
"It's a continuation of the story, with Wesley Gibson. Other people are dead, you know, we can't bring them back. The story is the same character, same mythology, but it's got a great twist."
No production schedule was given for this upcoming sequel, although it seems they are back on the right track.
Wanted 2 is in development and stars James McAvoy. The film is directed by Timur Bekmambetov.