The Arnold Schwarzenegger-led “The Legend of Conan,” the long in the works sequel to the original 1982 feature, is no more.

The project was in development and shaping up to effectively do for Arnie’s Conan what “Logan” did for Hugh Jackman’s Wolverine or “Unforgiven” for Clint Eastwood’s iconic cowboy roles, that is one last R-rated big adventure set late in the character’s life.

Now, Universal Pictures has apparently decided to kill the project. “Fast and Furious” franchise writer Chris Morgan, who has been involved with the project, spoke with EW and was asked to offer an update. He responded:

“Not so much. That’s kind of a longer story. At the end of the day, the studio decided that they weren’t gonna make that. I gotta say, it’s honestly a heartbreak. I love that first movie so much, so much, it’s one of my favorite movies. We had Will Beall do a draft on [the Legend of Conan script]. He killed it. Our take was Conan, 30 years later, a story like the Clint Eastwood Unforgiven. It was so awesome. Ultimately, the budget was big, the studio was not really sure of the title, and the relevance in the marketplace. They ended up letting it go. I think they’re gonna look to do a TV show or something with it. But just to be associated with it, pitch it to Arnold, have him get so excited, there was a moment of magic for me, personally [laughs]. You never know, down the road we may revisit!”

At last report there was consideration for turning Robert E. Howard’s iconic work into its own cinematic universe. Nothing further appears to have developed on that front either.