After retooling the script and recasting most of the talent, the CW's planned The Lost Boys TV series will shoot a new pilot later this year. Now, executive producer Rob Thomas is providing an update on the current status of the series. Back in May, the network had passed on a pilot episode shot for the series from director Catherine Hardwicke and writer Heather Mitchell. Now, Thomas confirms the pilot episode is being retooled with plans to shoot the project this fall. "The writer, Heather Mitchell, is doing a rewrite on the script right now, we have gotten through the notes process," Thomas says. "There were scenes that we thought we could do a better job on, so it's going through a 40% rewrite. It's not a total rewrite."

The producer also revealed he has been trying for years to get a TV version of The Lost Boys off the ground, going so far as to submit his own script to the CW. However, Thomas admits his idea was a bit too far out of the box for the CW to take a chance with it. "The network didn't want to go that far outside the box," Thomas says of his scrapped idea. "So fortunately, the writer who is working on it right now, Heather Mitchell, loves the original movie and is eager to make the series look a little bit more like the original Lost Boys." This makes a lot of sense, given that we know the series will feature many of the same characters and even the same basic premise.

RELATED: Leaked Lost Boys TV Show Audition: Corey Feldman & Jamison Newlander Are the Frog Sisters

Before the previous pilot was produced, it was announced the Frog Brothers were being gender-swapped to become the Frog Sisters. Originally played by Corey Feldman and Jamison Newlander, the new versions of the iconic vampire slayers were played by Cheyenne Haynes and Haley Tju. However, both Haynes and Tju are no longer involved in the project, as only Medalion Rahimi and Dakota Shapiro had their options extended to remain in the cast. As of now, it's unknown if the Frog siblings will remain female with new actresses in the roles, or if they'll be swapped back to the Frog Brothers with male actors playing them.

In the Lost Boys series, Rahimi will be playing Stella, a version of Jami Gertz' Star character, while Shapiro will be portraying Kiefer Sutherland's David. The TV series will have a very similar premise to the original movie. It will follow a pair of brothers and their mother moving to the town of Santa Carla, which the boys soon discover to be inhabited by vampires. To avoid falling victim to the undead, they'll need to take on a gang of vampires with the help of a pair of teenage siblings known as the Frog Brothers... or will it be the Frog Sisters? Corey Feldman got wind of this latest production news, and has been teasing a possible appearance after he and Jamison Newlander made a video pretending to audition for the role of the Frog Sisters. You can see his tweet below.

By the end of the year, we should know for sure if the CW's planned Lost Boys TV series will actually end up happening. While the network clearly sees potential in the idea, it seems unlikely a third pilot attempt will be filmed. The future of the show will be riding on if this upcoming pilot manages to impress. This information comes to us from Deadline.