Thanks to an update of the site dedicated to the 10th anniversary of the anime, new information has been released for Re: cycle of Penguindrum.
The project will be a reimagining of the animated series and will consist of two feature films coming in 2022. The 24 episodes of Mawaru Penguindrum, however, going to add unedited sequences. Directing will make his return Kunihiko Ikuhara, the character design will be curated by Lily Hoshino and in the credits they will also be mentioned Brains Base for their work on the original animated series.
At the moment this is the only information released for the project Re: cycle of Penguindrum, we just have to wait for further news.
Source: Comic Natalie Street Anime News Network