It’s been over a decade now since Andy and Lana Wachowski’s The Matrix trilogy came to a close, and although most people agree that The Matrix Reloaded and The Matrix Revolutions were huge disappointments, the former remains the second highest-grossing R-rated movie of all time. With Hollywood studios relying so heavily on established brands and franchises these days, it’s not crazy to think that eventually Warner Brothers would want to take us back down the rabbit hole. That being said, up until now the question has always been whether The Wachowskis would consider it. Generally they have seemed uninterested in revisiting the franchise, but after a few non-Matrix commercial failures, could they be warming up to the idea? A new report indicates that it is closer to happening than you might think. Hit the jump for more details.

According to Latino Review, The Wachowskis are currently in the process of writing a treatment and outlines for a whole new trilogy set in The Matrix universe. It’s unclear if these would be prequels or sequels, but supposedly the animated shorts are not necessarily considered canon. No word yet on whether or not The Wachowskis would direct any of these movies themselves, but now that they are back in the swing of things with Cloud Atlas and Jupiter Ascending, it seems like a distinct possibility.

Now keep in mind this is still nothing more than a rumour and the folks at Latino Review are quick to predict a denial from Warner Brothers. We’ve also heard rumours about new Matrix movies before that have proven to be false. Still, it does feel like perhaps the time is right to revisit The Matrix franchise, and the higher-ups at Warner Brothers are supposedly desperate for tentpoles to go up against the new Star Wars and Avatar films in 2017. What do you think, are you ready to take the red pill all over again?