New "Conan" Movie in Works with Arnold Schwarzenegger, Christopher McQuarrie

A new Conan the Barbarian movie is happening at 20th Century Studios, with Arnold Schwarzenegger reprising his role as the sword welding warrior.

The Mission: Impossible franchise filmmaker Christopher McQuarrie has been tapped to write and direct the threequel, titled "King Conan."

Schwarzenegger broke the news during an appearance at the Arnold Sports Festival in Columbus, Ohio, this past weekend.

“With King Conan, it’s a great old story that Conan was forty years as King, and now he gets forced out of the kingdom, and there’s conflict, of course, but somehow he comes back, and there’s all kinds of madness, violence, magic, and creatures and stuff like that,” Schwarzenegger said.

Created by Robert E. Howard originated as part of Weird Tales magazine in the 1930s, Conan the Barbarian is a wandering, muscle-bound warrior navigating brutal battles, political intrigue and supernatural threats in the fictional Hyborian.

Helping to cement Schwarzenegger as a movie star, on the heels of his success as a bodybuilder, the first film released in 1982 saw Conan on a quest for revenge against James Earl Jones’ cult leader Thulsa Doom.

The sword-and-sorcery title grossed over $68M worldwide, coming to be appreciated as a cult classic. It spawned a sequel "Conan the Destroyer" in 1984, becoming Schwarzenegger's first major action movie franchise.

He intended to make the threequel "Conan the Conqueror" in the late ’80s but it never came to pass.

Universal released the first two films, with Lionsgate attempting to reboot “Conan” in 2011 with Jason Momoa in the title role.

The film was a box office disappointment, grossing over $63M worldwide on a reported $90 million production budget and wasn’t well received enough to press forward with further installments.