Cue Daft Punk’s “Derezzed” track on the Tron: Legacy soundtrack because Disney has pulled the plug on Tron Ascension.

More on the story below.

In the past few weeks there have been talks of Tron 3 shooting in Vancouver this fall. The tentatively titled Tron: Ascension will bring back Joseph Kosinski as director. While reports suggested that Garrett Hedlund would be returning to reprise his role as Sam Flynn, it was unclear if Olivia Wilde would be returning. At the end of Tron: Legacy, it was revealed that her character, Quorra, had made it out of The Grid, and transferred herself into the real world.

Now a new report says that she is signed on to appear, and also confirms that Hedlund is on board for the sequel as well. While some may have doubted the sequel even happening, it appears that Tron 3 is on, though we have yet to hear of a confirmation from the Disney themselves. Hit the jump for more.

Three weeks ago, our own eelyajekiM reported that Walt Disney Pictures had finally decided to pull the trigger on a second sequel to their 1982 cult sci-fi adventure Tron and was reportedly planning to film in Vancouver this Fall. Up until now, it’s been going by the rather generic handle Tron 3, but if a recent tweet from Production Weekly regarding the timeline of the planned shoot is to be taken as gospel, then the sequel could possibly be titled Tron: Ascension.

Tron is just that one film franchise that somehow finds a way to make use of its extra lives. Fans were excited to hear that a sequel, Tron: Legacy, would be coming, but it was met with mixed reviews and it barely met box office expectations. With the way the film ended there was hope that a Tron 3 would soon follow.

Since it’s 2010 release, talks of a sequel grew quieter with each passing year. Now a new report says not only is Tron 3 still alive, but it will shoot in Vancouver this fall. Hit the jump for more.

Those first few moments in Tron: Legacy gave us an indication that Disney had some plans for a sequel. Cillian Murphy’s cameo appearance as Edward Dillinger, Jr., head of the software design team for ENCOM and the son of former ENCOM Senior Executive Ed Dillinger (portrayed by David Warner in the original film), completely came out of left field and had fans wondering how he would fit into all of this. The appearance may have been short lived, but some of the other character decisions made in the film also lead us to believe that there would be a Tron 3.

Well not only has Disney hired Jesse Wigutow to rewrite the script for Tron 3, but Tron: Legacy star Garrett Hedlund has confirmed he would could return to reprise his role.