'Get your ass to Mars!' A new Total Recall is on the way

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Dec 14, 2012, 3:54 PM EST

Total Recall—the 1990 Arnold Schwarzenegger sci-fi action movie based on a Philip K. Dick story—may be headed for a remake, according to The Hollywood Reporter.

Neal H. Moritz and his Original Films are in final negotiations to develop and produce for Columbia a contemporary version of the movie, which was originally directed by Paul Verhoeven.

The original, based on the Philip K. Dick story "We Can Remember It for You Wholesale," follows a man haunted by a recurring dream of journeying to Mars who buys a literal dream vacation from a company that sells implanted memories. The man comes to believe he is a secret agent and ends up on a Martian colony, where he fights to overthrow a despotic ruler controlling the production of air.

The movie is a fan favorite for a variety of reasons: It features a fight in which Sharon Stone kicks Arnold's butt, some luridly graphic special effects, a three-breasted hooker and the famous line "Get your ass to Mars!" The movie grossed $261 million worldwide.

Moritz told the trade paper that he hopes the advancements in technology and state-of-the-art visual effects can help tell the Recall story in a fresh way.