With Universal declining to comment on the matter, sources close to the situation have hinted that Paul Walker's character, Brian O'Conner, will be retired in Fast and Furious 7.
In a move done to satisfy fans of the franchise and make use of the existing footage of Walker, the writers behind the project plan on dealing with Walker's character by retiring him.
It seems that O'Conner will not be killed in the movie as the studio hopes to remove him from the picture in order to allow the rest of the main characters to "move on". Footage has already been recorded with Paul Walker, and it will be integrated into the film with additional ones that will have to be written and shot in order to provide a proper retirement to Brian O'Conner.
There was a rumor floating around that Paul's brother, Cody Walker, would step into the project to film the rest of the scenes from the original script but nothing has materialized.
In the weeks since the horrific tragedy, director James Wan, writer Chris Morgan and Jeffrey Kirschenbaum, Universal's lead executive on the Fast films, pored over the footage that Wan had shot. The trio then decided the best plan of action, which is to allow the franchise to continue without him.
Fast and Furious 7 also stars Vin Diesel, Dwayne "The Rock" Johnson, Jason Statham, Michelle Rodriguez, Kurt Russell, Tyrese Gibson, Djimon Hounsou, and Chris "Ludacris" Bridges. It'll race into theaters on April 10, 2015.