It was 54 years ago when Steve McQueen starred in the movie that made him an instant Hollywood legend. "Bullitt" arrived in movie theaters back in 1968 and was a smash hit with audiences. The King of Cool played a tough San Francisco detective, Frank Bullitt, who was on the hunt for gangsters who killed a witness to a case he was trying to solve. And then there was his car, a dark green Ford Mustang. The muscle car was its own character and audiences fell in love with it and the incredibly shot car chases.

According to Deadline, a new Frank Bullitt movie is being developed by none other than Steven Spielberg. The Oscar-winning director is attached to helm the new movie which will be written by fellow Academy Award winner Josh Singer.

The movie is not set to be Spielberg's next project but the initial groundwork for pre-production is happening. The article made no mention of who'll potentially play the Bullitt character. Story details are also being kept under wraps but we can't imagine a scenario that wouldn't include a Mustang. It's simply a must. Ford revived the Mustang Bullitt edition a few years back and it was retired following the 2020 model year. The Mustang Mach 1 was its replacement.

Also not long ago, the original Highland Green '68 Mustang Bullitt movie car was discovered and later sold at auction for a then-record $3.4 million. The buyer remains anonymous to this day.

A new Frank Bullitt movie will no doubt spark rumors of a new Mustang Bullitt edition. Very conveniently, the next-generation Mustang will arrive sometime next year. We can't see any reason why Ford would not want to take part in the new movie by providing yet another Highland Green Mustang. What's for certain about the new movie is that it's not a remake of the original but rather an all-new story featuring the no-nonsense detective. The movie also has the full approval of the McQueen family; Steve McQueen's son Chad and granddaughter Molly McQueen are on board as executive producers.