We’ve been hearing about a possible Bad Boys 3 for a long time now. At one point, Sony even set release dates for third and fourth installments in the action franchise. But for various reasons, it hasn’t been able to find life.

Now they’re ready to give it another shot. And while it’s hard to get excited for any fan of the series who’s been waiting so long for Bad Boys 3 to happen, this time it’s a little different. Instead of the occasional news update hinting at the possibility of a sequel, this time there’s star power behind it. The stars of the first two movies, Will Smith and Martin Lawrence, took to social media to confirm that the movie is officially happening. The pair met up today to record a short video sharing the news, which you can watch below.

Smith and Lawrence confirmed the news via their Instagram accounts. Smith shared the video while Lawrence shared an image of the duo, also found below.

They both also mention Bad Boys for Life, which was going to be the official title in earlier attempts to make the sequel. So it appears they’re sticking with that title.

Now the big question is who will direct Bad Boys 3. Michael Bay made the first two movies, but hasn’t been involved with the trilogy-maker for a long time now. The Grey and Smokin’ Aces director Joe Carnahan was attached for a bit, but ultimately he decided to walk away from it.

Earlier this year it was reported that Adil El Arbi and Bilall Fallah (Black, Snowfall) were in negotiations to direct the film, but it’s unclear if they’re still involved or not.

No word yet on when Bad Boys 3 might head into production or when it will be released.

Follow me on Twitter.