We’ve been hearing whispers about a Bill & Ted 3 for many years now (and long before that). But today, it’s been made official.

Nearly three decades after the 1989 original, Bill & Ted’s Excellent Adventure, and its 1991 sequel, Bill & Ted’s Bogus Journey, it’s been confirmed that a third movie titled Bill & Ted Face the Music is finally happening, and that Keanu Reeves and Alex Winter will both be returning to reprise their roles as the title characters.

Every once in a great while we hear about Bill & Ted 3, the long-awaited follow-up to 1989’s Bill & Ted’s Excellent Adventure and 1991’s Bill & Ted’s Bogus Journey, such as back in 2010 and more recently in 2013.

Speaking to Yahoo! Movies about his latest movie, Grand Piano (available now via on demand services), Alex Winter offered up some good quotes on where things stand with Bill & Ted 3 and why it’s taking so long to get the trilogy-maker done. Winter plays Bill S. Preston, Esq. in the movies alongside Keanu Reeves, who plays Ted “Theodore” Logan.

Continue reading to see what Winter had to say about the movie.

Keanu Reeves is current out doing a press tour to discuss his upcoming film 47 Ronin, but in an interview Monday morning with Today the conversation turned to the role that brought his name to prominence, Ted “Theodore” Logan, and what might be next for Ted and his best friend, Bill S. Preston, Esq. (Alex Winter) in the long-rumored Bill & Ted 3.

Reeves talked candidly about the role and the characters, and provided some very promising news for those hoping for a third Bill & Ted time-traveling adventure with.

Rumors of a new sequel to Bill & Ted’s Excellent Adventure and Bill & Ted’s Bogus Journey have been floating around for quite a while now, but it didn’t seem like anyone believed it would actually happen.

As of late, talks have seemed to heat up about the possible third chapter, and now stars Keanu Reeves and Alex Winter have confirmed that they are in fact developing the movie. This doesn’t mean it will definitely happen, of course, but it does sound like they’re moving in the right direction.

While talking to MTV after Reeves had stated they were working on Bill & Ted 3, Winter elaborated, explaining that the duo have been figuring out ideas for the movie for a long time now but that they didn’t want to move forward with it unless it could be done properly. He went on to share that Chris Matheson and Ed Solomon are currently working on the script, but until it was completed and they could all sit down and see where things stood, nothing is official.