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The High School Musical director told Newsbeat: "There's some genuine enthusiasm coming from the Paramount side."
The 58-year-old said that Zac Efron is likely to star in the film, adding that he would be "perfect" for the role.
Efron said: "I'll always be open to more musicals. I think they're fun and I think it's our responsibility as performers to try and keep them alive. I love Footloose - it's a great movie."
Kevin Bacon starred in the original 1984 musical, which also featured Sarah Jessica Parker.
"It looks like there's a real good chance that this may be a movie that we're going to do next year," Ortega added.
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