In a conversation with GQ, Reeves dropped some story details about the proposed third film in the slacker sci-fi canon, which is now over two decades in the making. A script written by franchise creators Ed Solomon and Chris Matheson, Reeves said, would feature Bill S. Preston, Esq. and Ted Theodore Logan having been "crushed by the responsibility of having to write the greatest song ever written and to change the world. And they haven't done it."
Keanu Reveals Bill And Ted 3 Plot - Is This Excellent News?