Yahoo! Movies, Reynolds said: "in its current iteration the movie's actually very small. There’s minimal impact to the studio, which is the way we’re kind of presenting it to them. We’re saying ‘Look, the budget is minimal. Therefore, can we do this the way it should be done?’ Which unfortunately needs a Rated-R or it needs those elements."
One of the many failures of X Men Origins: Wolverine was it shying away from an R-Rating and for a Deadpool film to succeed it must exploit this.
Reynolds then added, "The script is probably available online, it leaked... It’s very meta, I mean the character knows he’s in a movie, he knows he’s in a comic book. He names studio executives in the script. So, it’s kind of a risky property. But, you know, we’ll see. It's actually, within the last couple of weeks, taken a few very, very small tiptoes forward. In our lifetime? Yeah, I think so. I think if I were a betting man it’ll get made, eventually. I mean it’s just been developed to high heaven. It has great people around it, so we’ll see."
The X-Men universe is radically expanding and even if a standalone Deadpool movie doesn't happen it can be expected he'll make at least a cameo appearance in Fox's planned X-Force film.