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It’s been almost 40 years since <\/span>Rob Lowe’s<\/a> coming-of-age dramedy <\/span>St. Elmo’s Fire<\/em> first hit screens<\/a>, and the actor says a potential sequel is actually in the early stages of development.<\/span><\/p>\n Rob sat down alongside <\/span>his son and Unstable <\/em>co-star John Owen Lowe<\/a>, 29,\u00a0while promoting the second season of their Netflix comedy series, and the handsome 60-year-old leading man spoke with ET’s Ash Crossan about the long-rumored reboot.<\/span><\/p>\n Following the buzz of <\/span>the recent documentary Brats<\/em><\/a> — which told the story of the so-called Brat Pack, a group of young actors, including Lowe, who dominated pop culture in the ’80s — there has been a renewed call for a follow-up to Lowe’s cult classic 1985 film.<\/span><\/p>\n “We’ve met with the studio and I have been talking about doing it for about four months,” Rob revealed, adding that the release of the <\/span>Brats<\/span><\/em> documentary has “only added to the excitement around it.”<\/span><\/p>\n “But it’s very, very, very, very, very early stages,” Rob added. “So we will see.”<\/span><\/p>\n Rob starred alongside<\/a>\u00a0Demi Moore, Judd Nelson, Andrew McCarthy, Emilio Estevez and Ally Sheedy in the film, which follows seven friends fresh out of college as they try to navigate through their post-collegiate lives.<\/span><\/p>\n Meanwhile, John Owen — who refers to the film as “St. Elmers” — admitted he’s not seen the movie.<\/span><\/p>\n They have, however, been working alongside one another in <\/span>their Netflix comedy series Unstable<\/em><\/a>, where they play a fictional father-son duo. John Owen stars as\u00a0Jackson, the shy and soft-spoken son of eccentric and semi-egotistical tech mogul\u00a0Ellis — played by Rob.<\/span><\/p>\n “This whole show is based on his incessant trolling of me on his Instagram,” Rob joked. “So the very nature of this relationship, and being able to put it out there on a TV show, is so special.”<\/span><\/p>\n