"The Wachowskis would have to be involved," he said.
"They would have to write it and direct it. And then we'd see what the story is, but yeah, I dunno, that'd be weird, but why not?"
It's too early to say whether or not Reeves would even be required for the movie, with The Hollywood Reporter claiming that Michael B Jordan is being courted to star in the potential film.
The film franchise began in 1999 with The Matrix, which raked in US$461 million worldwide and won four Oscars: Best Film Editing, Best Sound, Best Sound Effects Editing and Best Visual Effects.
News of the Matrix reboot has divided fans online.