The Shape of Water and Pan’s Labyrinth director Guillermo del Toro has been trying to make his own version of the Pinocchio for a long time now. In fact, it’s a passion project he’s wanted to do his entire life.

Now del Toro is finally getting to make Pinocchio. And better yet, he gets to make it the way he’s been trying to make for years. A stop-motion animated feature inspired by Gris Grimly‘s illustrated version of the Carlo Collodi tale, made with the help of none other than The Jim Henson Company (though they won’t be making the puppets, that will be Mackinnon & Saunders). The film is happening at Netflix which makes all the sense in the world with del Toro behind Trollhunters and an upcoming horror anthology there, and The Jim Henson Company’s Dark Crystal project set up there. And the best part? It sounds like this one is ready to go with production expected to begin this fall.