Ben Stiller, Owen Wilson Confirm ‘Zoolander 2’ by Walking Catwalk at Paris Fashion Week

Zoolander fans were treated to some great news Tuesday morning.

Ben Stiller and Owen Wilson, stars of the 2001 cult comedy classic, took to the catwalk in character as Derek Zoolander and Hansel, respectively, at Valentino’s Autumn/Winter ’15 show during Paris Fashion Week, where Stiller and Paramount Pictures confirmed that Zoolander 2 is in the works.

Before strutting his stuff, Stiller posted a photo to Instagram of himself and Wilson backstage, captioning it: “Apparently Derek and Hansel have come to terms #Zoolander2.”

Paramount Pictures followed up with a tweet of its own, confirming the film will be released on February 12, 2016.

According to Rolling Stone, Penelope Cruz recently joined the cast of Zoolander 2, while Will Ferrell is reportedly set to return as the infamous Mugatu. In August, Justin Theroux told the Daily Mail he had already completed the script.

Plot details have yet to be revealed, but Stiller dropped hints in a 2010 interview with MTV:

“In the fashion world, if you go away for a year, it’s changed – it just happens so quickly,” Stiller said. “I think the idea in the beginning of the movie is that it’s 10 years later, and Derek and Hansel are literally forgotten. Nobody remembers who they are, so they have to reinvent themselves.”

Among those getting in on the fun at the Valentino event: Vogue editor-in-chief Anna Wintour, who couldn’t help but crack a smile as she watched Stiller and Wilson prepare backstage.