In that film, child star Noah Hathaway played heroic Harry Potter, Jr. and now up-and-coming youngster Harrison Bliss has signed on to recreate the role in a new version of the cult film, titled The Troll: The Rise of Harry Potter.
Movie spokesman Ed Lozzi tells WENN that the producers and lawyers behind the film feel they can press on with the project without fear that the movie bosses behind author J.K. Rowling's Potter empire can shut it down.
Lozzi says, "The original movie was conceived, written and directed by John Carl Buechler in 1986. The film chronicled the adventures of Harry Potter, Jr. after his sister Wendy is attacked and possessed by an evil wizard, posing as a troll in the Potter family’s new apartment complex.
"This film is not a continuation of J.K. Rowling’s intrepid boy wizard. It is about everybody’s other favourite boy with magical powers - Harry Potter Jr. - and his father Harry Potter."
And the producers have signed top Los Angeles lawyer Thomas Girardi to make sure their project isn't hampered by the movie executives behind the other Potter films.
He states that Troll producers actually considered suing Warner Bros. over the Harry Potter name some years ago: "While some of the films' themes might seem familiar, Troll's owner decided not to sue J. K. Rowling or Warner Bros... because of a family tragedy at the time. They just put it on the back burner... and delayed matters until now.
"There is no problem with doing a remake of Troll because you can remake your own stuff. Everybody knows it was our material. We made the movie years before Rowling came out with her book."
A director has yet to be attached to the Troll remake.
The eighth and final Harry Potter film, The Deathly Hallows Part 2, was released to much fanfare and acclaim earlier this summer.