Del Toro, 50, said he is working on the script of the sequel and insists the film is "not gone", reported Entertainment Weekly.
"We are still turning in a screenplay and a budget in three weeks. As far as I'm concerned, it's not gone. We're still on it," he said.
In June 2014, Del Toro announced "Pacific Rim 2" with Universal scheduling the release for April 7, 2017. The studio later pushed the release date to August 4, 2017.
"It (the film) moved further. I may do another movie in the middle... I can tell you this, if I was a billionaire, I would definitely do 'Hellboy 3', 'Pacific Rim 2', and At the Mountains of Madness'. And I would quickly become a millionaire," he said.
"Pacific Rim" starred Charlie Hunnam, Idris Elba, Rinko Kikuchi, Charlie Day and Robert Kazinsky.
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