Earlier this week I released an article about a possible Final Fantasy 7 remake that was rumored to be in production for the PC. Yesterday Square Enix came out and stated that they don't plan on making a remake of the game until another installment tops it. They stated that if they were to remake the game the series would be done for and finished.
These statements from Square Enix make perfect regarding the rumors mostly because most game series don't get a remake until its finished or plummeting horribly. If they were to remake the game fans would spend more time and money on it then any of the upcoming Final Fantasy installments that Square Enix may have planned.
So for the moment don't expect any remake of Final Fantasy 7 until another game tops it. Fans are going to have to wait a little longer to play their favorite RPG.