Taken from Darkhorizons.com

Deadline Hollywood reports that Paramount Pictures and Ben Stiller are re-teaming for a sequel to the 2001 cult comedy smash "Zoolander".

Actor-turned-writer Justin Theroux, who penned "Tropic Thunder" and "Iron Man 2", will co-write the script with Stiller and potentially direct the follow-up.

The hope is Owen Wilson will return but nothing is set, though Jonah Hill ("Superbad," "Get Him to the Greek") is apparently in negotiations to play the villain.

Zoolander part 2? Nice. All together now, let's see your best Magnums...