While Gremlins 3 has not officially been greenlit, In an interview with Collider about his upcoming Netflix sequel, The Christmas Chroniciles: Part Two, writer/director Christopher Columbus spoke a bit about his idea for an upcoming Gremlins 3 film which would include keeping the creatures practical rather than CGI. Columbus stated,
I would love to do it. I wrote a script, so there is an existing script. We’re working out some rights issues right now, so we’re just trying to figure out when the best time to make that film would be. I would still do it the same way – I would do it as tangible puppets, not CGI. Maybe having — you know we had one stop-motion scene in the first Gremlins, but I don’t think I’d use much CGI in Gremlins 3.
While the door is not closed on Gremlins 3, Gremlins: Secret of the Mogwai will be coming to HBO Max in 2021.