Quick answer

Yes. The Ferris Bueller sequel that was being developed—a spin‑off titled “Sam & Victor’s Day Off” (sometimes listed as “Victor and Sam’s Day Off”)—has been officially canceled by Paramount Pictures.

Background

• The original Ferris Bueller’s Day Off (1986) featured two memorable parking‑attendant characters, Sam (played by Michael J. Fox) and Victor (played by John Friedman).
• In 2023–2024, Paramount announced plans to develop a spin‑off centered on these two friends, exploring their own “day off” adventures. The project was intended to be a nostalgic extension of the Hughes classic, but not a direct sequel with Matthew Broderick as Ferris.

Cancellation details

• Paramount officially scrapped the project in a corporate update, stating the spin‑off would no longer move forward.
• The decision coincided with Paramount’s merger with Skydance Media, which prompted a broader slate reshuffle and the cancellation of several high‑profile projects.
• No further development on any Ferris Bueller sequel or spin‑off is currently planned.

Sources (inline)

• Paramount’s own cancellation notice on Facebook confirms the spin‑off is dead¹.
• Entertainment outlets (Reel Chicago, Joblo, MovieWeb, ComingSoon.net) reported the same news, linking it to the Skydance merger and a wider project purge²³⁴⁵.

What this means for fans

• There will be no new Ferris Bueller film in the near future, either featuring Ferris himself or the Sam‑Victor duo.
• The franchise remains limited to the original 1986 movie and its cultural legacy.

Bottom line: The anticipated Ferris Bueller spin‑off “Sam & Victor’s Day Off” has been cancelled, so the sequel you heard about will not be released.