The flick is currently being put together by Erwin Stoff, a producer who has spent the last two decades working almost exclusively on Reeves projects, and recently set the film up at 20th Century Fox. “We’ve got the rights, we’ve got a writer,” Keanu explained. “He’s putting together a scene outline.”

Reeves revealed that this outline for the flick is currently focusing on the origins of the fictional “Bebop” drug developed by the military, which provides its users with a brief surge of superhuman reflexes and awareness. “We’re taking the Red Eye [story], the beginning part of the series,” he explained, “and then we’ll deal with the end of the series. We’re trying to figure out [the time frame]. We’re looking at the story right now.”

Since the beloved 26-episode show (as well as the feature film) didn’t necessarily maintain a linear style of storytelling, Reeves said that somewhere between the Red Eye origins and the “Bebop” conclusion, they’ll be picking out various highlights for their own use.

“Yeah, it’s so episodic and so disconnected. We’re trying to figure out what pieces to put together to tell one story,” he explained. “Because it’s such a short form, to make a 2 hour version [will be tough]. And it’s got so much of an origin-story obligation; you’ve got to get people up to speed, but you don’t want to do much of that. There are a lot of things to take into consideration, but we think we can do something good.”