I have read that he didn't really expect there would be one. I have also heard some perfectly dreadful ideas from other writers involved with the show that, thank God, never came true. The 2nd Twin Peaks movie would have featured Chet Desmond and Phillip Jeffries, from what I hear.

David is reluctant to continue Twin Peaks to my knowledge. I sometimes believe that what Lynch thinks happened would be so drastically different from what fans would want that he wants to let it be and continue in his own mind, God bless him.

When artist Matt Haley and Bob Engels tried to create a graphic novel of Twin Peaks Season 3 Lynch discarded it and wisely so.

Matt Haley: Honestly, I sent the proposal and the art to Lynch's assistant Jay, and when Jay showed it to David, I was told "While David respects the artwork and the effort put into this project, he just does not want to continue the story of Twin Peaks in any way." That's it, and again, I was warned. I don't hold it against Lynch, I mean, I was playing with his toys, but I was kind of hoping that if I had all my ducks in a row he might just say "go ahead". So really, it was just Lynch deciding not to continue the story and I have to respect that, as an artist. I think he probably likes the idea of not resolving the story, and I have to admit, so do I.