Warner Bros is said to be negotiating with Steven Spielberg's Amblin Entertainment regarding the rights to the property.
Talks regarding the hit 1984 black comedy/horror and its sequel have been intermittent over the years, but Vulture is reporting that an agreement is looking more likely than ever before.
The reboot is believed to have been held back by the amount of money Spielberg has been asking for the rights, and his demands to be involved in any Gremlins project.
The film and its 1990 sequel Gremlins 2: The New Batch were directed by Joe Dante and produced by Spielberg.
They starred Zach Galligan as a young man who comes into possession of a cute but very dangerous pet.
> Digital Spy's 'Gremlins' review
Photo gallery - 25 greatest movies of the 1980s: