Conan the Barbarian (2011) and King Conan: Crown of Iron

Is this the King Conan movie I’ve been hearing about?

No. King Conan: Crown of Iron was written by John Milius, and intended to continue where Conan the Barbarian left off (ignoring Conan the Destroyer). It was to be the second film of a projected trilogy, preceded by Conan the Barbarian and followed by King Conan: Beneath My Sandalled Feet. Crown of Iron has been in development for twenty years, and came close to being produced a number of times: however, various obstacles transpired to keep the film in development hell. After a deal with the Wachowski Brothers and Warner Brothers fell through, the project was abandoned. Another project intended to be the third Conan film eventually became Kull the Conqueror.