Universal may be interested in picking up the floundering Terminator rights.

Deadline are reporting that Universal are circling the Terminator franchise and with plans to pair up it’s ‘Fast and Furious’ team of director Justin Lin and screenwriter Chris Morgan for a fifth Terminator outing.

Lin and Morgan worked together on the last three installments of The Fast and the Furious franchise, including the latest Fast Five, which Universal releases in Irish cinemas in June. Morgan, who aside from Fast Five has credits on big scale Universal films that include Wanted and the upcoming Keanu Reeves actioner 47 Ronin.

A year ago, Pacificor acquired the rights to The Terminator franchise. It was believed that a sequel to Terminator Salvation would happen, although that is not the case. It seems the bidding war for the franchise, which Sony and Lionsgate were involved in, ended bitterly for both studios, which were both hoping to distribute future Terminator movies. Now it seems Universal is the most likely candidate for where the franchise will land.

And with Arnold Schwarzenegger back in the game and looking for roles, will we see him return to a familiar role?