In spite of the original film being less than a decade old and in spite of the sequels that arrived in its wake, The Butterfly Effect is up for the "reboot" treatment. Yes, "reboot" not remake, as Variety is saying.
The new film is being written by Eric Bress, who co-wrote/directed the 2004 film which starred Ashton Kutcher and Amy Smart. The former played a young man who could travel through time, but there were dangerous circumstances involved.
FilmEngine and Benderspink are poised to produce the reboot. No director has been attached, but we'll let you know when one comes aboard.
Bress is also responsible for scripting Final Destination 2 and The Final Destination.