According to Variety, Judd Apatow is developing an Untitled Pee-Wee Herman feature for Universal. Paul Reubens (who created the iconic character) is writing the script with actor/writer Paul Rust (Inglourious Basterds).

Apatow will produce but not direct this project. The film is said to follow Pee-Wee Herman on the road as he goes on "a gigantic adventure."

"Let's face it, the world needs more Pee-wee Herman," Apatow stated. "I am so excited to be working with Paul Reubens -- who is an extraordinary and ground-breaking actor and writer. It's so great to watch him return with such relevance."

This partnership came about when Apatow saw Reubens' recent Pee-wee Herman Show revival at the Nokia Theater. It played to packed houses in January and February. The show is set for a 10-week stint on Broadway at the Stephen Sondheim Theater starting October 26.

"There is no one like Judd in our business -- he loves comedy with emotion and heart, and he sees what we do as art," Reubens offered. "I can't believe I'm getting this opportunity to be working with him."

Reubens was very popular in the 1980s with such projects as the Tim Burton directed Pee-Wee's Big Adventure and the CBS show Pee-Wee's Playhouse.

Reubens' career hit the skids in 1991 when he was arrested for indecent exposure in Florida.

Evan Jacobs