With yesterday’s news that director Guillermo del Toro would be headlining the long-gestating remake of the 1966 sci-fi/adventure film Fantastic Voyage, questions arose as to the plans for Pacific Rim 2, the sequel to the 2013 sci-fi/action film. The last we had heard on the status of the project, del Toro had turned in a script as well as a new (smaller) budget plan for the film.

Our sources are saying that the project is deader than dead in the water with THR adding the movie has been removed from Legendary’s release schedule indefinitely. However, the site suggests a possible Hail Mary: the acquisition of Legendary by Chinese mega corporation Wanda, which is the world’s largest cinema chain operator. Pacific Rim‘s biggest success was in China, even besting the United States, so they’d obviously have an interest in seeing the Jaegers and Kaiju battle once again.

Still, as we have come to learn with del Toro, nothing is ever certain.