‘Ghostbusters 3’ was recently rumored to be a reboot featuring all female Ghostbusters… Another report makings the rounds, was that studio Sony had their eye on ‘Bridesmaids’ director Paul Feig to helm the new project since original director Ivan Reitman dropped out. But while that news has yet to be made official, we can confirm that Reitman will actually be part of the project albeit, as a Producer only this time.

While speaking to Coming Soon Reitman said, “I am very involved. I’m a producer of the film. I wasn’t giving it all up”. Reitman, who directed the previous two ‘Ghostbusters’ films was in the running to take up the reigns for the third installment until he changed his mind in March, earlier this year. Reasons cited included the death of actor Harold Ramis, who was one of the four lead actors alongside Dan Akroyd, Ernie Hudson and ‘Lost in Translation’ star Bill Murray.

“I suddenly felt that Ghostbusters didn’t necessarily need me as a director, at least I didn’t need to direct Ghostbusters, let me put it that way. Having done the other two and with the passing of Harold and with Bill Murray seeming disinterested in being in it, I thought it was better for me just to produce it and to make sure we’re going to have the quality and style of what is appropriate for another version of that film,” he said.

According to Digital Trends, Reitman feels the franchise needs a new spark and that a new director could provide just that. “The franchise could benefit from somebody else’s point of view. I’ve done it twice before and it will be great to get somebody else to lend a hand as well.”

‘Ghostbusters 3’ is currently in pre-production with funnyman Dan Akroyd also producing. But what’s more interesting is that during a press junket for ‘Avatar’ in 2009, Sigourney Weaver let slip that Bill Murray’s character Peter Venkman would feature in the movie as a ghost, and that Oscar Barrett (the son of her character) would have grown up to have become a Ghostbuster himself…

Now, whether or not any of that holds true, we’re just going to have to wait and see!