Good news for fans of “That '70s Show”: Two key cast members are reuniting for a new sitcom. Ashton Kutcher and Danny Masterson reportedly are set to star in a Netflix original titled "The Ranch." 

According to Deadline, the actors will co-star in the newest project from the two minds behind Kutcher’s previous sitcom role, “Two and a Half Men.” Showrunners Don Reo and Jim Patterson developed the multicamera sibling comedy featuring Kutcher as a former semi-pro football player returning home to help his brother, Masterson, run their Colorado ranch. 

Reno and Patterson will be executive producers of the series and reportedly picked the former “That '70s Show” co-stars in large part because of their continued friendship since the hit Fox series ended in 2006. 

“The Ranch” will mark Netflix’s second foray into producing original sitcom television following the recent announcement of a “Full House” spinoff. However, unlike previous Netflix releases, “The Ranch” is doing something a little different. TV Line reports that the show was picked up for a 20-episode order, but they won’t all drop at once. While the popular streaming service typically likes to give fans a whole mess of binge-watchable content all in one fell swoop, it’s only releasing the first 10 episodes of “The Ranch” and will save the other 10 for a later time. The first 10 episodes are expected to hit Netflix sometime in 2016. 

Following his stint on the Chuck Lorre-created series “Two and a Half Men,” Variety reports that there were rumors that Kutcher would reteam with Lorre on a new project for CBS. However, it looks like that project either morphed into “The Ranch” and cut Lorre, or was simply created as its own project. 

What do you think? Are you excited to see Kelso and Hyde back together on Netflix? Comment below or tweet your thoughts to @TylerMcCarthy.