Will Ferrell will return for ‘Zoolander 2’

Ben Stiller may direct the long-awaited comedy sequel

Will Ferrell has revealed he will return as Mugatu in the long-awaited sequel to Ben Stiller’s 2001 comedy Zoolander.

Screenwriter Justin Theroux says he may pass directing duties to Stiller due to his commitment to TV show The Leftovers.

Speaking to the website JoBlo, Anchorman star Ferrell said: “We are actually supposed to do a read-through of a sequel script soon, and Mugatu is a part of it.”

The original comedy followed Ben Stiller’s high-fashion model Derek Zoolander and Ferrell’s dastardly fashion mogul Jacobim Mugatu.

Like Anchorman, the film did not reach the box office expectations of studio Paramount but over the years became a cult favourite with fans who have clamoured for a sequel.

Justin Theroux, who wrote the screenplay for Iron Man 2 and co-wrote Tropic Thunder, has been working on a script with Stiller for several years.

In an interview with the website Vulture promoting his HBO show The Leftovers, Theroux revealed: “Yeah, we’ve got a script for the sequel, and we’ve just been in talks again. 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… It’s actually been a little hard with the show, but now I’m back full-time to dedicate time toward doing it. I met with Ben a couple times when I was in New York doing The Leftovers…”

But Theroux said his TV career may get in the way of directing the sequel: “I don’t think I’m going to direct it anymore. It really depends on whether the show gets picked up. If it gets picked up, then I don’t think I’ll have the time to do it. So it’ll probably get handed to Ben, which would be awesome.”

Will Ferrell will be seen next in the comedy Get Hard released spring 2015.

Ben Stiller stars with Naomi Watts in Noah Baumbach’s When We Were Young due in cinemas later this year.