Despite a new report that Lost co-creator Damon Lindelof hasn't actually met with HBO about a live-action Watchmen television series, the project is still very much in development. However, plans likely won't call for a direct adaptation of Alan Moore and Dave Gibbons' seminal comic.

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"I don't want to talk too much about it, but Damon is thinking about it in a way exactly as you describe it," HBO President Casey Bloys told IGN. "Which is, how do you take the material and derive from it a TV show, without making it a literal translation?"

His comment would seem to suggest Lindelof is attached to the project in some capacity, even if he hasn't met with the cable network directly. Furthermore, when IGN asked Bloys whether the series would feature content that didn't appear in the original story, he responded, "I think so, yes."

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If this is the case, it could explain why Lindelof is seemingly on the fence about his potential involvement. "I do feel like I have to weigh the balance of ‘should it exist’ before I decide to take it on, and I’m sort of in that process now," he said recently. "I hold the source material in such high regard, it would literally be the worst feeling in the world to screw it up … all I can say is I’m thinking about Watchmen a lot right now."

Best known for his work on Lost, the rebooted Star Trek films and Ridley Scott’s Prometheus, Lindelof just wrapped three seasons of The Leftovers on HBO.