If it does reach the production stage, it will be del Toro’s second venture into animation after his television series Trollhunters.
As indicated there, del Toro’s intended take on Pinocchio should not be confused with the live-action Disney version currently sitting with Sam Mendes.
No one wanted to do superheroes when I did “Hellboy”, no one wanted to do monsters when I did “Pacific Rim”.
Only recently it was announced by Fox that del Toro’s updated version of Fantastic Voyage has been delayed for a significant amount of time, whilst the director completed other projects.