Granted, he started this comment by saying that its not in the works nor are there any plans for it. When asked what entry he would like to remake after they finish VIIR, he said he would love to return to the first FF he directed.

Quote Originally Posted by Yoshinori Kitase
Ok, so first of all, you have to promise you're not going to write an article saying Square Enix is remaking Final Fantasy something, something... It's just a purely personal opinion, just so you understand that. With that caveat in place, the first Final Fantasy that I worked on myself was Final Fantasy V, that hasn't been remade with the more realistic kind of approach yet, so I think it might be quite interesting to do a FF5 remake someday.
Would you be interested in seeing FFV remade and perhaps in a style closer to modern console entries?