Fans of the 2001 comedy about a dimwitted male model now have a reason to celebrate because "Zoolander 2" is really happening! And not only that, we will be seeing your favorite actors Ben Stiller and Owen Wilson return as Derek Zoolander and Hansel McDonald respectively. I'm sure you can't wait to see the duo walk on the runway and do that 'blue steel' pose again, right?

Apart from Ben Stiller and Owen Wilson, another famous actor recently announced that he will be reprising his role in "Zoolander 2". I'm not going to keep the suspense anymore and reveal who it is. It's none other than Will Ferrell, who starred as Jacobim Mugatu in the first film. Joblo.com reported the comedian saying, "We are actually supposed to do a read-through of a sequel script soon, and Mugatu is a part of it."

For those who weren't able to watch "Zoolander", Will Ferrell's character is a fashion mogul who decided to look for a dimwitted model that he can brainwash and use to assassinate the Prime Minister of Malaysia so he can retain child labor in the United States.

Now that Will Ferrell has confirmed his return in "Zoolander 2", we can expect a lot of evil yet funny scenes from the former "Saturday Night Live" host. Now, the question is when they will start filming the movie.

Justin Theroux, who is allegedly the scriptwriter and director of the new film, spilled out the latest updates on "Zoolander 2". He revealed to Vulture, "We've got a script for the sequel, and we've just been in talks again. We're trying to sharpen it and hone it and, actually, I don't want to jinx anything, but it looks like it actually might be starting to get up and running."

Jennifer Aniston's fiancé also told the website that he may not direct the film anymore. Theroux said, "I don't think I'm going to do it anymore. It really depends on whether the show [The Leftovers] gets picked up. If it gets picked up, then I don't think I'll have the time to do it. So it'll probably get handed to Ben, which would be awesome."

Now that Ben, Owen, and Will have confirmed that they are back in the film, we are pretty sure that "Zoolander 2" will become another hit comedy.