In the Marvel Comics, The Elders Of the Universe were The Collector, The Gardener, The Possessor, The Grandmaster, The Contemplator, The Champion and The Runner.
The report originated at Schmoes Know, although the site took down their story after James Gunn called them out on Twitter.
The filmmaker jumped on Twitter earlier today to shut down a recent report that claimed the Marvel Comics characters known as The Elders of the Universe will play an important role in this sequel.
Marvel has already set a May 5, 2017 release date for Guardians of the Galaxy Vol. 2, which will kick off the summer movie season next year.