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Austin Powers is Broadway bound. (PHOTO: New Line Cinema)

Bring back the gross teeth, the hair and the blue velvet suit -- Austin Powers is heading to Broadway.

While Mike Myers, who created, wrote and starred in all three Austin Powers films, is 'heavily involved' in the Broadway adaptation, the 48-year actor will not reprise his groovy role.

Mike is in talks to turn 'Austin Powers' into a musical stage show . . . he will not star in it, even though he has quite a good singing voice, a source told the New York Post.

The Austin Powers Broadway project is the first major gig for Myers since 2010's Shrek Forever After.

The Canadian movie star has been busy with parenting duties since his wife of just over one year, Kelly Tisdale, gave birth to their son Spike in September. Myers, who became a father for the first time with the arrival of Spike, was previously married to Robin Ruzan for 12 years, before the couple filed for divorce in 2005.

Myers has also been busy working on the fourth Austin Powers film.

The deal is in place, and Mike is currently writing . . . but no date has yet been set to start filming. It is not yet clear if this will be a 2013 or 2014 release, a source revealed to the Post.

Since the first film in 1997, the Austin Powers trilogy has grossed more than $676 million at the box office worldwide. Myers and company also created some of the funniest characters of comedy -- Doctor Evil (Myers), Mini Me (Verne Troyer), Fat Bastard (Myers) and Number 3 (Fred Savage), to name a few.

The most recent Austin Powers film, Goldmember, featured Beyonce Knowles in her first starring role in a movie in 2002 (recall: I'm Foxxy Cleopatra, and I'm a whoooole lotta woman!).

Famous for mocking the James Bond franchise and other 1960s spy classics, the Austin Powers series has also welcomed a slew of cameos from movie stars and musicians.

The extensive cameo list includes Will Ferrell, Christian Slater, Burt Bacharach, Jerry Springer, Elvis Costello, Steven Spielberg, Britney Spears, Tom Cruise, John Travolta, Danny DeVito and others.

In addition to the Austin Powers musical, Myers will have his hands full in 2012, with three films scheduled for release, including the live-action adaptation of Marvin the Martian, courtesy of Warner Bros. Myers will voice the title character of the film, out Oct. 2012.

Scroll down to watch the trailer for the first Austin Powers film, International Man of Mystery.

Will you see Austin Powers on Broadway? Who is in your dream Austin Powers Broadway cast? Share your thoughts below.