Screenwriter Max Landis has been told to rework his first draft of the sequel, according to his actor/filmmaker father John Landis.
"He wrote a sequel, and it's amazing, and the studio read it and said, 'We want Chronicle again!'" he told The Playlist.
"And he said, 'No, this is the sequel, it's the evolution', and they said 'No, we want that movie again!'
"So it's difficult, we're dealing with a difficult business."
The 2012 found footage film Chronicle was a surprise hit when it debuted in cinemas in February.
It centred around three high school students who develop incredible powers.
Chronicle director Josh Trank is attached to helm Fox's Fantastic Four reboot.