Buzzfeed caught up with Guillermo del Toro, and the Mexican filmmaker offered up a brief update on Pacific Rim 2. In short, it’s still not in the cards- but del Toro is confident that it could happen one day. How confident? Well, he’s secretly been working on a script for it with the co-writer of The Incredible Hulk.

“I’m working very, very hard with Zak Penn. We’ve been working for a few months now in secret. We found a way to twist it around. Travis Beacham [co-writer of the first film, now working on Fox’s Hieroglyph] was involved in the storyline and now I’m writing with Zak because Travis has become a TV mogul.”

See, Pacific Rim made money, but not the kind that made Legendary chomp at the bit for a sequel. On a budget of $190 million, the film only managed to make $101 million stateside. However, overseas is where it cleaned up, making three times that amount with an international cume of $309 million. Ever since then, rumblings of a sequel have been muted outside of a desire by del Toro and a hunger from the film’s fans. 

Despite the fact that he has no formal greenlight yet, the director says he’s proceeding as if it will happen one day. “I don’t have the money, but I’m proceeding like it is happening,” he told Buzzfeed.

As for what shape the story is taking, he puts to bed the rumors that it would be some sort of prequel: 

“Some people were wondering if we were going to do the prequel. I was never interested in doing that first wave of invasion. I’m going for very new, very crazy ideas on the second one, which are very different from the first one — but you will get really great spectacle.”

And that, Pacific Rim fans, is the latest on a sequel. Straight from the horse’s mouth. Del Toro’s next big project, a TV adaptation of The Strain, will premiere on FX on July 13.

With Legendary behind both Pacific Rim and Godzilla, how many times do you think someone has pitched some sort of crossover for the two at their meetings?