Will Ferrell will reportedly reprise his role as Mugatu for the upcoming Zoolander 2. Zoolander–which hit theaters back in 2001–saw Ben Stiller’s character Derek Zoolander and Owen Wilson’s character Hansel compete over the title of hottest male model. Will Ferrell’s Mugatu is a fashion designer who sets out to brainwash Zoolander in order to keep using child labor to manufacture his clothing line.

During a recent interview with JoBlo.com, Will Ferrell confirmed Mugatu’s return.

“We are actually supposed to do a read-through of a sequel script soon, and Mugatu is a part of it,” he said.

The new film will likely see Derek and Hansel in their attempts to compete against younger models, while an opposing company tries to take them out from the modeling business.

Will Ferrell says Mugatu is back: http://t.co/B1CtvmJcsV pic.twitter.com/39ZVS8uGyj

— Esquire Style (@ESQStyle) September 16, 2014

When Zoolander 2 is ready to shoot, Will Ferrell–along with Ben Stiller and Owen Wilson–will find himself under the direction of Jennifer Aniston’s fiance, Justin Theroux.

Ben Stiller told the New York Post that as of this past December, Zoolander 2 had been on hold.

“There’s a script we like, but I don’t want to force it, because people who love that movie really love it, so I want to make sure we do the sequel the right way,” he said. “Mike Myers did it well with the Austin Powers movies–they were all funny, and very ‘of their time.’ And Zoolander is ‘of its time,’ too, so it’s about how we could bring it up to date, to the present day.”

In addition to Will Ferrell, Ben Stiller, and Owen Wilson, funny man Jonah Hill and supermodel Cara Delevingne have been linked to the upcoming film.

Were you a Zoolander fan? Are you excited to learn that Zoolander 2 may soon be underway, and that it features the return of Will Ferrell’s character Mugatu?