A new movie is being developed for a DC character portrayed by Keanu Reeves. Current reports also mention a long-delayed sequel, but the specific relationship between the two projects has not been clarified.
Currently, the character's name, the specific format of the new film, its production stage, creative team, and release plans have not been confirmed. It is also unknown whether Keanu Reeves will participate. "In development" only means that the project is in preparation and does not imply that filming has begun or that a release date has been set.