By Jeff Labrecque
August 05, 2014 at 01:59 PM EDT
Mike Pont/FilmMagic

Richard Linklater might be an auteur, but he’s not a snob: One year after releasing Before Sunset in 2004, for example, he directed a remake of the Bad News Bears. Still, there is a certain degree of artistic whiplash in going from Boyhood, his current critical hit that he spent 12 years making, to a remake of The Incredible Mr. Limpet, a Warner Bros. project he’s been attached to for more than three years. The original Limpet was an animation/live-action hybrid that starred Don Knotts as a man who turns into a fish and helps the Navy destroy Nazi submarines.

According to the Hollywood Reporter, however, Linklater is exiting Limpet to focus on a more Linklater-y project titled That’s What I’m Talking About. That long-in-the-works project is semi-autobiographical and a spiritual sequel to Dazed and Confused. “If Dazed was my high school, this is my college,” he told Collider in 2009. “It’s about a weekend in college in [the early 1980s]. It’s funny, I thought it’s the funniest thing I ever wrote.”

An earlier attempt to make a $14 million Talking About fell apart, but with Boyhood playing to packed art-house theaters and enjoying nearly unanimous critical hosannas, Linklater is likely looking to capitalize on his recent momentum.

Publicists for Linklater and Warner Bros. did not immediately respond to requests for comment about the status of Mr. Limpet.