If those Zoolander fans out there can (blue) steel themselves away from work for a minute or two to read this, Ben Stiller has offered an updated as to the state of a sequel to the further adventures of the eponymous Derek Zoolander.

Talking to Empire about his next project (as producer on Richard Ayoade’s Submarine), Stiller has revealed that he and Tropic Thunder/Iron Man 2 co-scribe Justin Theroux have completed a script, and they’re waiting to see what the studio are looking to do with it.

“It’s ten years later and most of it is set in Europe. I don’t want to give away too much, but it’s basically Derek and Hansel ten years later – though the last movie ended on a happy note a lot of things have happened in the meantime. Their lives have changed and they’re not really relevant anymore. It’s a new world for them.”

He also adds that another supporting comedic actor from the original, who has since gone on to forge a huge career of his own, is also interested in returning:

“Will Ferrell is written into the script and he’s expressed interest in doing it. I think Mugatu is an integral part of the Zoolander story, so yes, he features in a big way.”

So there you have it. Stiller and Co. all seen to be pretty eager to reteam, so let’s hope this sequel gets to strut it’s stuff on the cinematic catwalk sometime soon.

In the meantime, Submarine (which made a big splash at last year’s Sundance) is released in UK cinemas on March 18.