'Bill & Ted 3' Will Either Shoot Soon Or 'Never,' Alex Winter Says

The long-discussed sequel to 1991's "Bill & Ted's Bogus Journey" appears to be reaching a crossroads.

“We’re really close. We’re just about there,” franchise co-star Alex Winter told Yahoo! Movies ahead of the SXSW Film Festival, where he premiered his latest documentary "Deep Web." He cautioned, however, “In Hollywood parlance, [that] means we’ll either be shooting soon, or it’s never going to happen.”

Penned by original writers Ed Solomon and Chris Matheson, "Bill & Ted 3" would see Winter and Keanu Reeves reprise their roles as Bill S. Preston, Esq., and Ted "Theodore" Logan, who are now in their 40s, but not necessarily mature. "The conceit is really funny," Winter said last fall. "What if you’re middle-aged, haven’t really grown up and you’re supposed to have saved the world and maybe, just maybe, you kinda haven’t?”

"Galaxy Quest" director Dean Parisot is reportedly attached to the sequel, which, last we heard, is only waiting for funding.

Asked whether he gets tired of being asked questions about "Bill & Ted" every time he promotes another project, Winter replied, "We’re trying to get the movie made, so how could we be sick of it? It’s really been us driving the whole thing, me and Keanu and Chris and Ed. So we’re producing it and we’re actively trying to get it made. We’re not tired of it, but I think for our fans, we are eager to stop talking about and actually shoot the damn thing.”

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