According to The Hollywood Reporter, Universal Pictures are hoping they can work out a way of salvaging footage that has already been shot for the action sequel with Walker instead of starting all over again.
Morgan is trying to work out a way of retiring Walker’s character Brian O’Conner from the franchise using scenes that were shot before his death.
If he manages to work out a credible exit story, then production could start up again as early as January.
A source told the publication: ‘What will drive everything is, is there an honorable and sensible way to do this?’
The film was originally scheduled for a July 11, 2014 release although that has now been scrapped.
Insiders have told the magazine that Universal hasn’t given up on the franchise and might even release an eight instalment.
Walker died on November 30 when the Porsche Carrera GT he was travelling in with a friend crashed.