Walter Koenig - aka as Alfred Bester of the paramilitary Psi Corps - recently claimed J. Michael Straczynski was negotiating to acquire the rights of Babylon 5.
"[Straczynski] told me that he is in negations to re-acquire the rights to Babylon 5 and it looks pretty good. Now what that portends I am not entirely sure," Koenig told sci-fi fans at the recently held Las Vegas Star Trek convention.
"It could be a new series or it could be a feature film, but he was quite animated about it. He seemed very excited and Warner Bros. is dealing with him in good faith. So you might see another Babylon 5 in the not-too-distant future."
Unfortunately, Straczynski was quick to rebuff reports of a reacquisition and reboot of the popular sci-fi series.
"Walter misspoke," Straczynski told Spinoff Online.
"I am not in negotiations with WB to develop more Babylon 5."
Babylon 5 - produced and penned by J. Michael Straczynski - centers on a space station of the same name which served as a focal point for politics, diplomacy and conflict during the years 2257–2262.
The series aired on January 26, 1994 and ran for a full five seasons.