UPDATE: JANUARY 25, 2019, AT 12:17 P.M ET — There’s been an exciting development in the saga of The Princess Diaries 3. For those of you who have been following along, we know that Anne Hathaway and Julie Andrews are both down to reprise their regal roles in the beloved movie franchise and that a script for a third chapter exists. Even still, though, the project hasn’t officially been green-lit.

Hathaway doubled-down on all of this when she stopped by Watch What Happens Live Thursday night (January 24), telling host Andy Cohen, “There is a script for the third movie. I want to do it. Julie [Andrews] wants to do it. Debra Martin Chase, our producer, wants to do it. We all really want it to happen. It’s just we don’t want to do it unless it’s perfect, because we love it just as much as you guys love it. It’s as important to us as it is to you. And we don’t want to deliver anything until it’s ready, but we’re working on it.”

I wouldn’t get too excited just yet. From this quote—and what’s been said in the past—it seems like The Princess Diaries 3 still has some hurdles to jump through before it hits theaters. But regardless, it’s comforting to know Hathaway is just as amped on the idea as we are.

ORIGINAL STORY:

The Princess Diaries is one of pop culture’s crown jewels. The film series gave us so much: Julie Andrews eating a corndog, Mandy Moore’s greatest song of all time (“Stupid Cupid,” of course), a newfound appreciation for M&Ms—the list goes on. It also launched the career of Anne Hathaway, one of Hollywood’s most decorated actresses. The first two movies are cherished by millennials across the world, and we’ve been waiting on pins and needles for any news about a third installment.

Andrews herself started this chatter when she told BuzzFeed that she and Hathaway are down to make a third movie as a tribute to the late Gary Marshall, who directed the first two chapters.

“I think we might do it in honor of [Marshall],” Andrews said. “Annie had an idea that she wanted to pursue about it, and I’m all for it, so if she’d like to.”

Things escalated when Robert Schwartzman, who played Mia’s first boyfriend, Michael, told Glamour he’s also down to return. “It’d be cool to at least have the conversation about it if they want to do it,” he said.

This is all conjecture, though. Truthfully, it’s just actors humoring the press with vague but optimistic statements about a possible sequel. Stars do this all the time—cough, Big Little Lies, cough—and it tends to get fans’ hopes up prematurely. No one on Team Princess Diaries has said anything concrete about movie three.

Well, until now. Meg Cabot, who wrote the Princess Diaries book series, told Entertainment Weekly that a script for the third movie exists; it’s just a matter of when—and if—everyone wants to do it.

The author also confirmed Andrews’ statement about people wanting to make a third film “as a tribute” to Marshall. “So who knows? [It] could happen, as we say,” she said.

Unfortunately, Cabot didn’t reveal what the third script is about. “I am not allowed to say,” she said. “I would love to sit and talk about [it], but I can’t. I’m not allowed. But it’s really more following the movie than the books.”

She continued, “I think of [the books and movies] as two different universes. Like there’s The Princess Diaries universe that I created, which is, you know, amazing, and the Disney universe, that they created, which is equally amazing. And, you know, there’s fans of both, and fans who actually kind of like both of them at the same time.”

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