It's looking likely that the Universal Monsters will have their own shared movie universe.
No, it will not be a remake of the Monster Squad (which would be cool!), but Bob Orci, producer of the upcoming Mummy and new Van Helsing movies, offers the following details to IGN:
There is an interesting thing that could happen at Universal where they have this amazing library of their old monsters and these kinds of heroes, and the idea of trying to create a universe. Van Helsing, and we're also producing The Mummy for them. We're kind of imagining updating these kinds of things. You don't want to just make remakes when you're doing a thing, unless it's worthy of being a remake, but when you have an idea for something that actually can be made different and yet be true to what it was. We just had a notion of how to make it modern and have a slightly different tone. It's not going to be just a remake.
Orci goes on to state if he could get his hands on one, it would be Frankenstein.
The Universal Monsters also include Dracula, the Wolfman, the Invisible Man, the Hunchback of Notre Dame and the Creature from the Black Lagoon.