I really don't know quite honestly. I mean, it feels like ET would've been exploited years ago yet nobody's done anything with it outside of occasional toys and merch. I honestly expected some exceptional studio to make an ET miniseries, prequel or reboot by now. Maybe Spielberg has some kind of special fondness for it?
Will Steven Spielberg Reboot E.T.?
www.dreadcentral.com
All I know for certain is this interview with Henry Thomas who claims that even Spielberg doesn't want to touch it again. But I'm sure once Spielberg kicks the bucket, we'll get a shitty reboot a decade or so afterwards.
Speaking of Spielberg films, I don't think Jaws has been touched either, which for me was kind of a missed opportunity to make Jaws 19 in 2015.
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Only sequel I think Spielberg wants to make is Gremlins 3 without Joe Dante, and WB is planning on making a cartoon show about Gremlins...