Deadline Hollywood is reporting that a sequel to the 2001 cult classic, Zoolander, is in the works.

Paramount and Ben Stiller are working with Tropic Thunder and Iron Man 2 writer, Justin Theroux, to bring the really, really, ridiculously goodlooking male model back to screen. Deadline says Stiller and Theroux are working on the script together and that Theroux will direct. He is also heading to Fashion Week in Paris to “immerse himself on what is current in fashion”  (to see what’s so hot right now).

Everyone is reportedly hoping Owen Wilson will reprise his role as Hansel, but no deal is set. Jonah Hill is in negotiations to play the villain.

Ben Stiller starred in, directed, co-wrote and co-produced the original Zoolander, about a dimwitted male model who winds up on a covert operation (with fellow model Hansel) to stop himself from killing the president of Malaysia, whom he has been programmed to assassinate by the evil high fashion designer Mugatu (Will Ferrell).

It was a box office flop, a fact that many attribute to its release on September 28, 2001, directly after the 9/11 attacks on the World Trade Center — when nobody was in the mood for comedy. It went on to become a hot DVD and is still a bestseller on iTunes.

Zoolander garnered a huge cult fanbase, was packed with memorable quotes and generated the catchphrases “Am I on crazy pills?” and “He/she/it’s so hot right now.”

All the same, Deadline says the studio is wary of another flop so the budget for the sequel is to be kept low. But those involved are apparently incredibly enthusiastic about the project.

(Photo by PR Photos)

Story provided by the Dish Information Corporation