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Though audience and critical response to Superman IV: The Quest For Peace had been derisory, Cannon films forged ahead regardless by announcing a fifth picture only three months after its failure with an apparent plan to use culled footage from the subplot of IV as the basis for a new feature. (See the deleted scenes here)
This incredibly rare promo from the pages of Daily Variety confirms the film was in 'Pre-Production' with rumours director Albert Pyun was attached (and presumably Christopher Reeve with whatever conditions he demanded just to get him back in the role) but like a glut of other announced projects, (among them Masters of The Universe Part II, part one ironically responsible for Superman IV's cut budget) the film went unrealised due to Cannon's collapse, wherupon the rights reverted back to the Salkinds who would proceed with their own doomed attempt to bring the Man Of Steel back to the big screen...
My sincere thanks go to SuperFan William S. Wilson (see his amazing Movie blog here) for securing an original copy of the promo (scanned above restored to its original state) and adding this grail item to my collection after a long and exhaustive search...
Another clipping from a French publication in the early nineties hinting at Reeve's involvement with what the 'Superman Reborn' script apparently evolved into - Superman - The New Movie.
"He is perhaps going to be sent into the air for a 5th time. He is being sought to play in Superman: The New Movie"
Thanks to SuperFan Mark for the translation!