Assuming this movie happens.
The script for Zoolander 2 is almost complete, and it looks like most of the cast from the original film will return. Aside from Ben Stiller and Owen Wilson, Will Ferrell will also be reprising his role as the evil Jacobim Mugatu. However, it seems there's going to be some new blood on the set, as Jonah Hill is likely to join the cast.
The plot involves Derek Zoolander and his friend Hansel trying to return to the world of male modeling despite the fact they are now considered too old for the business. That may or may not turn out to be a funny premise, but as long as there's at least one gasoline fight in the film, I'll walk away happy. (Latino Review)
Back in February we reported that Justin Theroux was spending some time at Fashion Week in Paris doing research for his gig writing and directing the Zoolander sequel. It appears he's had his fill of brie-stuffed croissants and scantily clad models, and is back in The States collaborating with Ben Stiller. At least, that's what Stiller said via his Twitter account.
The question is, can you really trust the lead actor and executive producer on the film? And the answer to that question is yes. So for now, Zoolander 2 is moving along swimmingly with Jonah Hill still being eyed for the villain. No word yet if Owen Wilson will reprise his roll as Hansel, but Stiller has gone on record saying that the sequel couldn't be made without him. I assume that is due to Wilson being such an integral part of the Zoolander world, not because he has a penchant for spitefully burning down film sets. (/Film)