It was announced back in 2023 that Felipe Vargas was set to direct a new reboot of the Leprechaun franchise for Lionsgate. But it's been over a year now and no new developments have been made. Until now.
It appears that Vargas is out.
But it’s been over a year since we’ve heard a peep about the project, with Felipe Vargas’ new horror movie Rosario more recently being announced for release on May 2. What’s the status on Vargas’ Leprechaun movie, you ask? Well, Bloody Disgusting’s sources have learned that Felipe Vargas is no longer directing the new Leprechaun movie for Lionsgate.
At this point, just get Darren Lynn Bousman (who is actually eager to tackle a Leprechaun movie) and Warwick Davis.
Source: Bloody Disgusting