The About a Boy and American Pie directing team have said that they would still like to adapt Michael Moorcock's fantasy anti-hero for the big screen, after acquiring the rights about five years ago.
"We wrote a very edgy script that was true to the anarchic spirit of the book, and then we had a heck of a time getting it made," Paul Weitz told ComingSoon.net at the junket for his movie Being Flynn.
"We'll probably take another run at it if we're able to. It was certainly a dream come true to hang out with Michael Moorcock, who is one of our heroes.
"It's an utter anti-hero, and I believe that part of the book was a response to Tolkien, because Moorcock looked at that as sort of a hymn to the squireocracy and the class system in England, and this is a complete rock and roll nihilist anti-hero. I hope the movie gets made in proper fashion."
Paul Weitz is also moving ahead with the script his adaptation of Jean Hanff Korelitz's Admission, which is rumoured to have Tina Fey attached.
The albino sorcerer Elric is currently starring in BOOM! Studios' ongoing title.