Honey Honey, we have great news about the long-rumored Mamma Mia! sequel.

To celebrate the tenth anniversary of the smash musical comedy based on the music of ABBA, Universal Pictures is moving forward with plans for a sequel (via The Hollywood Reporter).

Original cast members Meryl Streep, Pierce Brosnan, and Colin Firth are all in talks to return for Mamma Mia: Here We Go Again, with other co-stars likely to sign on as well.

As it stands, The Best Exotic Marigold Hotel's Ol Parker has been hired to direct a musical that would serve as both a sequel and a prequel to the Golden Globe-nominated original.

The scenes set in the past would feature new actors playing Donna (Streep) and her three suitors singing ABBA classics that were left out of Mamma Mia's soundtrack.

Meryl Streep has been lobbying for Mamma Mia: Here We Go Again ever since the first film smashed the worldwide box office, making more than $600 million back in 2008.

For a long time, it was ABBA songwriters Benny Andersson and Björn Ulvaeus who resisted the prospect of a sequel, but clearly any reservations they've had have been resolved.

Mamma Mia: Here We Go Again is currently being planned for a July 20, 2018 release, and will bring back the original stage musical's co-creator, Judy Craymer.

Work is also under way from entertainment impresario Simon Fuller on a live musical experience that will digitally reunite all four ABBA members, with details expected to be announced this year.

In the meantime, relive one of Mamma Mia's best musical numbers below:

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From: Digital Spy