Kosinski, who took charge of 2010's sci-fi action film TRON: Legacy, recently told Collider his TRON: Ascention film had been put on hold at Disney because movie bosses there were more interested in making Marvel pictures and Star Wars spin-offs.

"I guess I can say that TRON 3 is in cryogenic freeze," he said. "It’s there. It’s not dead. It’s alive, but it’s sitting there, waiting for the right time to move forward."

And it seems a third TRON film is closer than even he imagined - sources tell The Hollywood Reporter that Oscar winner Leto is in early negotiations to front a new movie.

The studio is in the very early stages of development, but Justin Springer, who co-produced Tron: Legacy and executive produced Tom Cruise's Oblivion is attached to produce, with Leto and and his producing partner Emma Ludbrook also interested in overseeing the film.

The first TRON picture launched in 1982 and featured Jeff Bridges and Bruce Boxleitner as rivals at war inside a computer programme known as the Grid.

Kosinski's 2010 film starred Garrett Hedlund and Olivia Wilde, while Bridges reprised his character.

It is not clear if Kosinski will direct the Leto-led movie, or if it will be called Ascention.

Leto portrayed DC Comics villain The Joker in 2016's Suicide Squad and he'll next appear opposite Ryan Gosling and Harrison Ford in another revamped sci-fi classic, Blade Runner 2049.