Arnold Schwarzenegger still has every intention of making Conan 3, which has generally been going by the name of The Legend of Conan any time it comes up in conversation, which has been happening about once or twice a year lately. Speaking at a Q&A in Edinburgh (via The Arnold Fans), Schwarzenegger described the film as " I’m sitting on the throne for years and years - decades, and then all of the sudden, the time comes when they want to overthrow me. So that story WILL be told and that movie WILL be done."

Interestingly enough, he referred to it as Conan the Conqueror, which was long thought to be the Conan 3 title in the post Conan The Destroyer era. It's not clear if this is an official name change. Mr. Schwarzenegger also confirmed that the script is done "and we are now looking for directors."

Have there been any updates on The Legend of Conan, the sequel to the original 1982 Conan the Barbarian? I know you were working on that at one point.

Not so much. That’s kind of a longer story. At the end of the day, the studio decided that they weren’t gonna make that. I gotta say, it’s honestly a heartbreak. I love that first movie so much, so much, it’s one of my favorite movies. We had Will Beall do a draft on [the Legend of Conan script]. He killed it. Our take was Conan, 30 years later, a story like the Clint Eastwood Unforgiven. It was so awesome. Ultimately, the budget was big, the studio was not really sure of the title, and the relevance in the marketplace. They ended up letting it go. I think they’re gonna look to do a TV show or something with it. But just to be associated with it, pitch it to Arnold, have him get so excited, there was a moment of magic for me, personally [laughs]. You never know, down the road we may revisit!