A year and a half has gone by since Elijah Wood and his SpectreVision producing partner Daniel Noah first let it be known that they would like to take on a reboot of the Nightmare on Elm Street franchise, even saying that they have "been in touch with the rights holders many times". There still doesn't seem to be any movement on that project, but Wood has mentioned the dream again, this time during a conversation with ComicBook.com:
We, personally, have talked a lot about, internally, Elm Street and how incredible it would be to play in that universe again and see that universe, to see Freddy [Krueger] and just that concept be explored again. That's something that we're fascinated in."
Wood has previously said that his version of Nightmare on Elm Street would bring Robert Englund back as Freddy Krueger, and then move the story in a different direction.
I think you bring Freddy along for the ride initially, but you have to go somewhere else with it because it’s such well-trodden ground."
Wood went on to tell ComicBook.com there's another horror franchise he would like to reboot; the Stephen King-inspired Children of the Corn:
Another one that I feel is exciting, I know that there's already a remake coming out, but we still really love Children of the Corn. I feel like that would be an exciting thing to … from the ground up, taking it from the novel, not remaking the movie, but actually take the short story and flesh that out in an interesting way."
While Wood ponders producing those reboots, there's a rumor that he could be playing the villain in writer/director Macon Blair's remake of The Toxic Avenger.