"I would do it if (the studio) was serious," Feldman told The Hollywood Reporter.
"We'd all like to see it happen, but it's one of those stumbling blocks where no matter how much love there is ...," Feldman said. "The No. 1 question that's always been asked of me for the last 20 years is, 'Will there be a sequel to Goonies?,' and unfortunately my answer is always the same. It's not up to me, you know, it's the studio."
Feldman also said he would be willing to participate in a stage version of "Goonies."
"They are talking about doing a Broadway musical and I know Richard Donner is really behind that," Feldman said. "He's a dear friend of mine and we talk about it quite often and he said that they finally got a great script in which he's very excited about."