Keanu Reeves has given us a little nugget of information regarding the third Bill and Ted movie which is apparently in the works.
Reeves said, “We’re closer, but we’re not closer.”
This is a rather cryptic way of saying that work is taking place on the movie, whether it be script developing or other pre-production but stuff is happening. When probed about plot details, Reeves was a bit more forthcoming about that particular aspect of the upcoming film; “They’re in danger of losing everything because of this responsibility that they feel, they can’t write the song.”
There is currently no scheduled release date regarding the third Bill and Ted movie.