William Friedkin's classic 1973 film has spawned a number of critically panned movie sequels, with the short-lived 2016 TV spin-off proving the most successful adaptation thus far.
As previously announced, Blumhouse and Halloween Kills director David Gordon Green are currently developing their own movie reboot with Morgan Creek Entertainment and speaking recently, Blum teased the film will "pleasantly surprise all the skeptics".
He also said it will be "like" the Halloween reboot franchise.
"[It's] going to be like David [Gordon Green]'s Halloween sequel," Blum told Den of Geek.
"I think it's going to pleasantly surprise all the skeptics out there.
"We had a lot of skeptics about Halloween and David turned them around, and I think he's going to turn it around with The Exorcist."
He added: "I want to make a movie for people that know and love the first Exorcist and are furious that we're doing this, but somehow drag themselves to the theatre. I want them to come out happy.
"And I want to make a movie that people who've never heard of The Exorcist really enjoy. I think David did that with Halloween. I think he'll do that with The Exorcist also."
The Exorcist will film following the conclusion of Gordon-Green's Halloween reboot trilogy.
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