The New Mexico Film Office has remained tight-lipped when questioned about the project and is sticking to the "Greenbrier" project name.
Insiders told THR that Gilligan will have full oversight of the projects, as he'd be the screenwriter, executive producer and could be the director, as well.
It's not even known whether it'll get a theatre release or just be shown on television.
Obviously, Aaron Paul's returning for the project, though there's now no word as to which other Breaking Bad cast members might appear.
Breaking Bad has already spawned the spin-off series Better Call Saul.
Last night, in the midst of a massive US election, some pretty huge entertainment news also dropped with the leak that a Breaking Bad movie is not only in the works, it starts filming this month. You'll no doubt recall that while Jesse escaped, speeding away and laughing maniacally, Breaking Bad main character Walter White (Bryan Cranston) died from a gunshot wound. In the clip, Bryan Cranston says he doesn't think Walter White is dead, which has big implications for what the movie could be. Fans may be happy to learn that that's not the only active project with ties to Breaking Bad. However, to follow up on that almost flawless series finale (I have some complaints about the final season which I will one day put into words, but this is neither the time or the place) by tidying up Jesse's ending or, worse, showing that his freedom was short lived would undermine the entire point of his ending. Until more information is provided, this will continue to run as speculation, but this is no doubt exciting to hear if you are a Breaking Bad fanatic.