Can you believe it’s been nearly 10 years since the last Nightmare on Elm Street film? Much like Friday the 13th, the Elm Street franchise has been dead in the water ever since the original classic was remade, with Freddy Krueger showing no real signs of life at the present moment in time. Last we heard, Wes Craven’s estate reclaimed U.S. rights to A Nightmare on Elm Street, but at this time we have no idea what they’re going to do with the iconic franchise and its burnt-faced boogeyman. One thing’s for certain: the franchise could use some new blood.

Speaking with Coming Soon, SpectreVision producers Elijah Wood and Daniel Noah, the duo behind Mandy and Daniel Isn’t Real, just threw their hats in the running.

“We have long fantasized having a crack at Nightmare on Elm Street,” Noah told the site. “So has Adam Egypt Mortimer, who we just made Daniel Isn’t Real with. That film and Elm Street have somewhat obscure but still tangible similarities of dream worlds. As people have been seeing Daniel Isn’t Real, interestingly, there’s been a little movement on Twitter for Adam Mortimer to take over Nightmare on Elm Street. We’ve made no secret. We’ve been in touch with the rights holders many times. It’s a real dream project for us to have a chance to make a film in that franchise. And like I said, we have a very specific take on it. I think it would be very surprising and exciting to remake the franchise.”

Wood also chimed in, “Yeah, and it definitely has that aspect of pie in the sky, of getting to play in a certain sandbox, you know? It’s a universe and a character and an idea that would be a fun sandbox to play in. It’s trying to do something different. With a lot of these classic horror films that have seen so many sequels, eventually it sort of plays itself out a little bit. It’s also interesting to think about what could we do with a franchise like that which reinvents itself or creates something that is playing with the tone and key of the franchise, but is doing it differently or taking it in a slightly new direction. It’s a fun way to think about those things.”

“You don’t want to shake up a formula that’s working. But on the flipside, when you’re just repeating the same formula, it’s kind of diminishing returns,” Noah added. “They already did that well, is our point of view. That’s been handled. What are other avenues, what are other neighborhoods in this world that can be used or investigated?”

What would YOU like to see next from the franchise? Let’s talk down below!