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After the hugely popular original trilogy, which began in 1996, and the successful fourth sequel that followed in 2011, we've been desperate to know if the much-loved franchise would continue.
The original four movies, featuring the iconic villain Ghostface killer, were all directed by the late Wes Craven, but after his death in 2015, it was in doubt the series would continue without him.
But judging by the well received Scream television series, the fifth instalment was the obvious next step for Spyglass Media Group, who recently acquired the rights to brand.
Kevin Williamson, who co-created the franchise with Wes, was involved in the television series, but according to reports he will not be involved in the screenplay for the fifth movie according to Bloody Disgusting.
Fans were thrilled to hear of the news: "If you think i'd be interested in watching a new Scream movie without Wes Craven & Kevin Williamson involved then you'd be absolutely correct. Send it on."
"Already can't wait for the new Scream film! I hope it continues from Scream 4 and isn't a reboot, but after waiting 8 years, I'll take either," added another.
One fan came up with an incredible concept: "It should be way more meta and have the Scream franchise exist in this reboot universe and a super fan becomes obsessed and inspired with the films that they want to create their very own 'Woodsboro murders'."
Not everyone was on board with the idea of a reboot: "Scream (1996) is apparently getting a reboot & honestly its risky without Wes Craven and if it doesn't star Neve Campbell & Courteney Cox then keep it."
"Can Hollywood please figure out what the meanings of reboot, revival and sequel? Not for me, but for those people who scream when they get it wrong," added another.
As it's unknown exactly how the latest sequel will be handled - if it's a remake, a reboot, or a continuation - it also depends on whether any of the original cast will sign on to appear.
Neve Campbell, David Arquette and Courteney Cox were all part of the OG cast, miraculously surviving and outwitting each iteration of Ghostface in the tongue-in-cheek movies.
However, Neve, who played heroine Sidney Prescott, discussed in the past how difficult she'd find it continuing the franchise without Wes directing.
She said back in 2018 about working without Wes: "Well, ya know, I think it would be challenging... Wes Craven passed away... he was the reason those movies were so good.
"I mean, obviously Kevin Williamson wrote brilliant scripts. But ya know, Wes was the heart of the thing. He was what kept the dynamic consistence. I think it would be difficult to work with another director."
David who played Deputy Dewey, however, wondered if a fifth outing could be a tribute to Wes.
While Friends star Courteney most recently paid her own tribute to the iconic Gale Weathers by jokingly cutting her fringe in honour of her haircut in the third movie.
We frankly can't wait for another slasher flick to be added to the franchise.
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