Paramount Pictures has made offers to producer Jerry Bruckheimer and director Tony Scott for a sequel to their 1986 feature "Top Gun," with Christopher McQuarrie eyed to update the script, New York magazine's Vulture blog reported.

Tom Cruise is expected to make an appearance as Maverick, the report said.

David Ellison, the 27-year-old son of Oracle founder Larry Ellison, a trained aerobatic pilot, is a key driver of the project, according to Vulture.

He recently raised $350 million to finance films and struck a first-look deal with Paramount. The first of their film collaborations will be "Mission: Impossible IV," starring Cruise.