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Dimension Films has acquired the remake rights to the movie, which Landis will release on Blu-Ray this summer.
Landis tells website Bloody-Disgusting.com, "Perhaps someone will make a brilliant movie out of it.
"Regardless, my film comes out on Blu-Ray this summer and looks amazing. I was afraid the digital cleaning of the negative would result in too clear a picture and hurt Rick Baker's make-up, when in fact the incredibly crisp detail actually makes Rick's stuff look even better."
A sequel to Landis' cult film, An American Werewolf in Paris, was a flop when it was released in 1997. It starred French actress Julie Delpy.
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