Hellboy 3 has been a shelved project for years, and according to Guillermo del Toro, on the shelf is where it will stay. The director recently sat down with Collider to talk about his upcoming action sci-fier, Pacific Rim, and del Toro offered up little to no hope of seeing Hellboy 3 on the big screen any time soon. He said quote 'It's very unlikely it'll happen because you need things to converge so strongly. [Producer] Larry Gordon, Universal, the rights, Ron [Perlman's] and mine's availability, [comic creator] Mike [Mingola's] blessing; we have pieces of that, but we don't have all of that.' So, clearly all the stars have to be aligned if we will ever see a Hellboy 3, and del Toro added that they would also need a hefty budget of around $150 million to produce. Hellboy II: The Golden Army made around $160 million back in 2008, with a budget of $85 million, and even though the studio made a profit on the sequel, it wasn't quite enough to gamble on a third film for double the budget. But if the opportunity did ever present itself, del Toro already has a story in place, but its a story that will be preserved only for the movies. The director did have a conversation with the comic's creator, Mike Mingola, about potentially incorporating his vision and story into the comics, but Mike was clear that del Toro's mythology needs to be completely separate and preserved only for the film..