Bill and Ted 3 may be closer to hitting the big screens than previously imagined, according to star Keanu Reeves.

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Reeves, who of course plays Ted Logan in the comedy franchise, spoke with IGN recently about the status of the third installment in the series.

"We're a little closer. We're a little closer" he said. "There's now talk of contracts and maybe paying the writers to go and write. There might be some support for making the picture."

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The actor was also asked about which movie (Excellent Adventure or Bogus Journey) was his favorite in the Bill and Ted series, and his answer was very diplomatic.

"I think the first three-quarters of Bogus Journey are pretty great. But you can't have that without the first one, right?" Reeves noted. "And the first one is so naive and sweet, and the second one has... I mean love evil Bill and Ted. They're pretty funny."

Reeves coming back to do a third movie with Alex Winter (who plays Bill S. Preston Esq.) would be much desired for many fans of the comedy franchise. The second movie came out in 1991 but that hasn't stopped other movie franchises from producing new installments in recent years.

Indiana Jones came back for a fourth movie in 2008, a full 19 years after the third movie. Similarly, Dumb and Dumber To came out last year, 20 years after the original film.

It remains to be seen if there would be a big enough market for Bill and Ted 3, but diehard fans will gladly pay to see more of Reeves and Winter.