I sincerely think Moorcock would refuse the job. Guess why.
Who's read the novelization of CTD? Of Red Sonja and other similar flicks? I've personally never even read ONE novelization, it would be interesting to make a poll on this forum.
The world we're living in is such a circus, I'm sure there's even a novelization of "The Barbarian Brothers" who knows!
A poll such as : "Do you think it's worth it?" "Have you read any movie novelization?"
I'm serious for the poll.
ps: I bet DH is already planning for an adaptation in comicbook form, as they did for Pathfinder. The intro of the latter comics adaptation is risible.
Alan Dean Foster used to have the market cornered in novelizations... he did pretty good ones of Alien and The Thing IIRC.
As for the Conan one... I'm available :-)