Despite being called “fake news” by author Bret Easton Ellis, a recent report suggests that Luca Guadagnino’s upcoming American Psycho movie is in the works, but not official just yet. According to a new report from Jeff Sneider in his The InSneider newsletter,

Bret Easton Ellis explained why the 'American Psycho' reboot, rumored to be led by Austin Butler and directed by Luca Guadagnino, might be 'fake news.'

"I heard somewhere, from someone, that there are no contracts," Bret Easton Ellis, author of the American Psycho novel, revealed.

It’s been reported that Luca Guadagnino is set to direct an American Psycho reboot starring Austin Butler as Patrick Bateman. But according to Bret Easton Ellis , the author of the novel on which the iconic 2000 film was based,

It’s weird to get excited about something when you don’t love the thing it’s based on. I had that feeling with The Boys. I hated those comics. I know they have their fans, but if someone recommended them to me in college it was usually an indicator that the person had a s*** sense of humor and that women should cover their drinks around them at parties.

Put away your business cards everyone, it looks like that American Psycho remake isn’t happening after all, according to the original book’s author, Bret Easton Ellis. The 60-year-old author has thrown doubt on the remake after sharing that Austin Butler,