Reportedly, Keanu Reeves and Patrick Swayze will not star in the film. (Courtesy Largo Entertainment)

Yes the rumors are true. In fact, rumors that began circulating today was news that already broken a year ago by Time Out New York, who conducted an in-depth interview with writer Peter Iliff. This time around, Iliff is slated to both write and direct the sequel.

Time Out NY: “Why remake Point Break? It’s been 17 years.”

Peter Iliff: “What’s interesting is that because so much time has gone by, we’re not necessarily making a sequel. We’re making another movie, but we’re following the character of the first film, Bodhi. His mates were all killed, and he had a choice: you can go to jail or you can have an honorable death of suicide by wave. And, of course, he survives. And he would flee off the grid to somewhere like Indonesia, which is the last frontier of surfing, and he would create a life here.”

Time Out NY: “He survived that perfect storm?”

Peter Iliff: “In truth, only Mark Foo has been killed in big-wave surfing, and it’s probably because his leash held him down. Guys do survive these waves quite often. So what’s interesting is to follow the story of someone who’s set up a new life here, who resumes criminal activities and thus invites attention. This character would now have a family; he would have a stepson who would be a major Indonesian character. There’ll be a new love interest, who’ll be Asian, and coming after this guy would be a new Hollywood character. I don’t want to give it away but it ends very much the same way.”