UPDATE: Netflix confirmed it has ordered The Sandman to series, as well as revealed the number of episodes.

After years of uncertainty, author Neil Gaiman's beloved DC/Vertigo Comics series The Sandman has reportedly landed a live-action television adaptation at Netflix.

According to The Hollywood Reporter, Netflix has signed what is described as a "massive financial deal" with Warner Bros. Television to adapt the seminal supernatural graphic novel for the streaming platform. Sources claim The Sandman will be the most expensive TV series DC Entertainment has ever produced.

The series is to be written by Allan Heinberg (Wonder Woman, Grey's Anatomy), who will also serve as showrunner. Additionally, Gaiman himself will executive produce alongside David S. Goyer (The Dark Knight, NBC's Constantine).

RELATED: The Best Vertigo Comics for New Fans (and Where to Buy Them)

Created by Gaiman, Sam Keith and Mike Dringenberg, The Sandman stars Dream of the Endless, a powerful being with dominion over the realm of dreams and imagination. First published by DC in 1989, the series was met with criminal acclaim, becoming a hallmark of the Vertigo imprint, not to mention one of the first graphic novels to appear on the New York Times Best Seller list.

Over the years, there have been multiple attempts to bring Dream and co. to screens. A film adaptation of The Sandman was in development at Warner Bros. throughout the late 1990s. However, the project failed to get off the ground and was effectively cast into development hell by 2001. A television adaptation was pitched to HBO by producer James Mangold around 2010, which also failed to materialize.

Gaiman announced in 2013 that he had partnered with actor Joseph Gordon-Levitt for a Sandman film to be produced by New Line. However, Gordon-Levitt left the project in 2016 due to creative differences with the studio. Later that year, Eric Heisserer -- who had been tapped to pen the film's screenplay -- revealed he too was no longer attached to New Line's Sandman.

RELATED: Neil Gaiman Discusses the Odds of a Sandman Movie

All that being said, some of Gaiman, Keith and Dringenberg's creations have found their way to live-action. Namely, Vertigo's Lucifer -- who began life as a Sandman character -- has starred in his own eponymous TV series since 2016. Lucifer was canceled by Fox after three seasons, then revived by Netflix for a fourth, with the fifth and final season recently being announced by the streaming giant.

At long last, however, it seems The Sandman will finally grace screens the world over. Although, Netflix and Warner Bros. have both reportedly declined to comment, as the formal deal has yet to be closed. Additionally, the the new series does not have an announced release widow, nor has the number of episodes been revealed.