While it's difficult to imagine a remake of the musical film from 1986, a stage adaptation is reportedly in the works according to Brian Henson, son of late director Jim Henson.
He told Forbes magazine that work was underway on “a theatrical adaptation of the original movie for the stage", and while it may not be suitable for Broadway, "it could be for London’s West End, but it will be a stage show, a big theatrical version," adding that it was "very exciting."
A remastered version of the original film is set to play in cinemas in the USA in the coming weeks, while Henson remained optimistic about the ongoing possibility of a sequel. "We’re still excited about the idea of a sequel,” he said. "We are working on something, but nothing that’s close enough to say it’s about to be in pre-production or anything like that.”