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Published 15:03 10 Feb 2017 GMT
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In a lengthy post to his Instagram page, Smith said that any plans for Clerks III have been put on the back-burner, but there's good news because Jay and Silent Bob will be returning in a new adventure.
"Yes, kids Jay and Silent Bob are coming back! Here's the story: Sadly, Clerks III can't happen (one of our four leads opted out of the flick). So I worked on a Mallrats movie instead... which also didn't happen because it turned into a Mallratsseries", he said.
Smith adds "Since I sold Clerks and Mallrats years ago, they're owned by others, which limits my moves with my own material. So I don't own Clerks, Mallrats, Chasing Amy or Dogma, but I do own Jay and Silent Bob."
"And so all last month, I had the time of my life laughing while writing "Jay and Silent Bob Reboot" - a fun flick in which the Jersey boys have to go back to Hollywood to stop a brand new reboot of the old "Bluntman & Chronic Movie" they hated so much. It's a tongue-in-cheek, silly-ass satire that pokes fun at the movie business's recent re-do obsession, featuring an all-star cast of cameos and familiar faces! And I already met with the good folks at Miramax and they're into it, so I'm hoping we'll be shooting in the summer!"
Snoogens.
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