The studio has until December to make a deal with the principal talent and Gerwig, according to the New York Times.

When a movie makes more than $1.4 billion at the box office and earns eight Academy Award nominations, the studio is going to want to make a sequel. Such was the case with Warner Bros. and “Barbie.” The blockbuster movie,

WB has until December to lock a deal with the "Barbie" stars and filmmaker Greta Gerwig before the rights revert to Mattel

While there have been no official updates on a real Barbie sequel, conversations have been reportedly happening behind closed doors. In a new report by The New York Times, the sequel is currently stalled after intense negotiations.