They suggest that Zak Penn in talks to write a treatment, with the studio potentially looking at Michael B. Jordan to star. At the moment though, Lana and Lilly Wachowski aren’t involved, but that may change. Warner is apparently hoping to get their blessing at the very least, as without it they fear a backlash from fans.
At the moment though this doesn’t appear to be a reboot in the sense that it will retell the story of Neo. Instead, as Arrival screenwriter Eric Heisserer put it on Twitter, it appears the studio is hoping to ‘Rogue One’ the franchise, telling an alternative tale set in the same universe.
There is also the potential for the return of Keanu Reeves, although he would want the Wachowskis fully involved, as he recently told Yahoo! Movies, that for him to get back into The Matrix world, “They would have to write it and direct it. And then we’d see what the story is, but yeah, I dunno, that’d be weird, but why not?”
At the moment though, it’s too early to say what will happen.