"When will you see it? Probably not for a while," Smith said in a fan Q & A video. "Do not expect at least six months, but I've seen things and it's amazing."
In addition to the show's progress, Smith revealed in the video that his friend and frequent film collaborator, actor Jason Mewes, will most likely be part of Masters of the Universe.
"He will not be Orco, I'll tell you that," Smith said. "But I can take him somewhere, he seems like a stinkor."
Already in August Smith announced that he will serve as showrunner and executive producer of the new animated series Masters of the Universe: Revelation, which will focus on the unresolved storylines of the classic '80s series.
The original 80s Masters of the Universe series recounts the adventures of Prince Adam, heir to the throne of the planet Eternia, who is a magical power swordsman transformed into the warrior He-Man.