Zoolander 2 is one of those sequels that we always hear about, that may never happen. When last we reported on the movie, Ben Stiller made it clear that the long-gestating sequel "Wasn't happening anytime soon." Three months later, original cast member Will Ferrell is singing a different tune. He claims he will return as villain Mugatu, and that the screenplay is complete enough that a table read is happening sometime in the near future.

It's been 13 years since the original Zoolander hit theaters, and its not incredibly clear how anticipated a follow-up actually is. Sure, the movie has its hardcore fans. But is an audience for a sequel still there? Will Ferrell thinks so, and he can't wait to get back into character as fashion mogul Jacobim Mugatu, who in the original brainwashed fashion model Derek into assassinating the new progressive-leaning Prime Minister of Malaysia. Mugatu is arrested at the end of the first movie for trying to kill the Minister himself with a throwing star.

Talking with Joblo, Will Ferrell says:

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

A month ago, director/writer Justin Theroux revealed that the script is finished and that talks are starting to heat up with Paramount.

"Yeah, 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... It's actually been a little hard with the show, but now I'm back full-time to dedicate time toward doing it. I met with Ben [Stiller] a couple times when I was in New York doing The Leftovers, and then I'm meeting again with him probably in September."

It was also revealed at that time that Justin Theroux might not actually direct the comedy sequel, with the reigns reverting back to Ben Stiller. So, it's still up in the air who will direct, it seems.

"I don't think I'm going to [direct] it anymore. It really depends on whether the show 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."

Will the movie actually get green lit? Only time will tell.