It has been over twenty-years since Bugs Bunny and Michael Jordan teamed up to save the world on the basketball court and the world needs a new set of heroes. This week on social-media Springhill Entertainment, the production company of LeBron James, made the sequel official and the ball is in their court.

While we wait for an official cast list, the safe bet is that James will be taking the leading role. We assume other N.B.A. stars will join in on the project as well but we don’t have any confirmations at this time. We know that Terence Nance is set to direct the film and Ryan Coogler (Black Panther) is producing the project.

“Space Jam 2” has been quietly working in the shadows for years, though it never made it into production. With James, and other N.B.A. players expected to star in the film, production will have to work around the official N.B.A. schedule. This means that the film probably won’t go into production until the next season is over. If everything goes according to plan, the highly-anticipated sequel will most likely hit theaters a year later.

The original “Space Jam” was an instant hit for Warner Bros. Pictures when it released in theaters back in 1996. The film debuted at number-one on the domestic charts with a $27M opening, just beating out Ron Howard’s “Ransom” starring Mel Gibson and Rene Russo. “Space Jam” made over $90M domestically and over $230M worldwide. The film was directed by Joe Pytka, who basically stopped directing feature-length films after “Space Jam,” and starred Michael Jordan, Wayne Knight, Theresa Randle, Bill Murray, and a long list of N.B.A. player cameos and Looney Tunes characters.

You can find the Springhill Instagram confirmation below, which has a few lockers for the key players.

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Once production starts we will get an official cast list from the studio and probably a few teaser-trailers leading up to an official trailer.