New Line Cinema is in the early stages of developing "A Nightmare on Elm Street (2017)", a reboot to the 1984 horror film, this according to  David Leslie Johnson has been hired to write the screenplay. As of yet, there is no producer and director listed on the film.

The original film was created by Wes Craven and starred Robert Englund as Freddy Krueger. Allegedly the “new movie” will have nothing to do with the previous incarnations. (Gasp!) 

Ever since Wes Craven’s 1984 classic A Nightmare on Elm Street gave birth to horror icon Freddy Krueger, the franchise has become a cultural phenomenon and established its place alongside slasher faves like Halloween and Friday The 13th. Spanning nine films in total, including a remake and crossover Freddy Vs. Jason, the series has also spun-off into other media, generating over twelve novels, multiple comic books, several video games, and even a television series. From The Tracking Board's Clark Allen
Too bad fans will have to wait until 2017 for a look at this new version.