Jason Blum, the head of Blumhouse, says the company plans to “reinvent” the recently acquired Saw series for its 11th installment, MovieWeb reports. Created in 2003 as a proof-of-concept short film, then later developed as a feature in 2004 by James Wan and Leigh Whannell, Saw follows the mysterious Jigsaw killer as he tests his victims by placing them in deadly traps and scenarios where they must endure great physical pain to survive.

Premiering at Sundance and picked up by Lionsgate, the horror project became a huge hit, grossing $103 million worldwide, leading to a franchise of ten films and other media. An 11th entry was originally being planned before the IP switched hands from Twisted Pictures to Blumhouse earlier this summer, with Lionsgate still having a stake in the ownership.

Now, Jason Blum has stated how he plans to reboot the property while keeping the original creators in mind:

“It’s really hard to make 10 movies in a franchise — I don’t take that away from the original series’ producers. And I’m grateful to them for allowing us to continue. My creative outlook is what I always preach: Get the people who made the magic in the first place more involved. James Wan will be hugely involved. That’s how we’re going to reinvent it.”

This is not the first time Blumhouse has planned to revive a long-running horror property, as they previously released reboots of the Halloween and Exorcist series, with an upcoming relaunch of The Mummy, directed by Lee Cronin, soon to follow.

But there are two franchises in particular that Blum says he’ll never stop trying to acquire:

“Friday the 13th and Freddy Krueger, those are my two ‘white whales.’ We’re always haggling. I make a run at them every day. I will never give up the quest. And if they make one without me, I’ll chase the next movie.”