Try not to have a whack attack, but Mugatu might be making a comeback. Will Ferrell, who played the comedic villain from the 2001 film, “Zoolander,” confirmed rumors Tuesday that a sequel is in the works.

Speaking with, Ferrell said, “We are actually supposed to do a read-through of a sequel script soon, and Mugatu is a part of it.”

The sequel to the popular comedy has been rumored for years. In 2010, Ben Stiller tweeted about a potential Derek Zoolander comeback. Three years later, he told ShortList Magazine the project was “on hold.”

But now, it appears that Derek Zoolander will follow in Ron Burgundy’s footsteps. Ferrell’s latest comments come weeks after Justin Theroux, who was pegged as the film’s writer and director in 2010, told Vulture about plans for bringing Zoolander back to the big screen.

“We’ve got a script for the sequel, and we’ve just been in talks again,” said Theroux, whose HBO series “The Leftovers” just finished its first season. “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.”

Given that his TV career has taken off, Theroux said he likely wouldn't be directing "Zoolander 2," but according to IMDB he's still attached as a screenwriter. “I don’t think I’m going to do it anymore,” he said. If “The Leftovers” gets picked up for a second season he may not have the time to do the project, he said. “So it’ll probably get handed to Ben [Stiller], which would be awesome.”

Stiller, who directed “Zoolander,” hinted at the possible plotline for the sequel. In a 2011 interview, he said the sequel would take place 10 years after the first. Derek Zoolander and Hansel (played by Owen Wilson) will be struggling models since "ten years is a thousand years. They're both totally out of it and have to start from scratch," Stiller told Empire Magazine. "And then there are things set up at the end of the first movie that we're able to build on, like Derek and Matilda have a son, and Mugatu went to jail. There's a lot there, I'm excited about the idea of doing it. It feels like it's getting close to going."

Stiller was less optimistic when he recently addressed “Zoolander 2” when giving a Master Class at the Taormina Film Festival in Italy in June. "The film's been discussed and in some way in the works for 10 years, but there are no plans to start production any time soon," he said, according to the Hollywood Reporter. Stiller hasn't yet commented publicly on the latest hints that “Zoolander 2” is on its way.