Disney is on a roll with their live action remakes, so it only makes sense to redo Aladdin.
I think Disney nailed the Genie’s character if they can get Will Smith to agree. According to Deadline, Will is in talks to take over the roll that Robin Williams voiced back in 1992. The Aladdin reboot is in the early stages. Will was also rumored to be a part of the Dumbo remake, but that fell through.