(Or Deadman, which they also have in development.)
Deadline is reporting that The CW has almost finalized the deal to order a Green Arrow pilot–simply titled Arrow–from producers Greg Berlanti, Marc Guggenheim, and Andrew Kreisberg. Berlanti and Guggenheim are set to write it. Kreisberg, if you recall, had a run writing Green Arrow & Black Canary which was not very well received.
It’s important to note that, according to the article, it’s not the Smallville version of Green Arrow that would headline the show, nor will it be any specific version from the comic books.
And it’s also important to note the standard television caveats: there’s no guarantee that this (almost) ordered pilot will ever get made (Grayson) or that even if ordered and shot that it will ever get made into a series (Wonder Woman, Locke & Key).
Will Green Arrow return to the airwaves? It’s hard to say but I’m betting that even though they aren’t planning on using that specific version, The CW feels like they’ve got a proven concept in Green Arrow from his years on Smallville.