"There've been a couple of drafts now," Deadline.com quoted Reeves as saying about the project. "And we're waiting on the writers to come up with another draft, which we're all looking forward to."
"Bill & Ted's Excellent Adventure," co-starring Reeves, Alex Winter and the late George Carlin, was released in 1989. It was followed two years later by "Bill & Ted's Bogus Journey."
Celebrity Families of 2014 [PHOTOS]