While speaking with Digital Spy on The Secret Life of Walter Mitty, Ben Stiller revealed that a Zoolander sequel is still very much a possibility. Back in 2011 Stiller confirmed a script draft was completed and said this of the proposed sequel's premise: "It’s ten years later and most of it is set in Europe... it’s basically Derek and Hansel... though the last movie ended on a happy note a lot of things have happened in the meantime. Their lives have changed and they’re not really relevant anymore. It’s a new world for them. Will Ferrell is written into the script and he’s expressed interest in doing it. I think Mugatu is an integral part of the Zoolander story, so yes, he features in a big way."
Stiller also told DS he's still interested in adapting BBC's children's series Rentaghost for the big screen. Watch the interview here, where the Digital Spy journalist brilliantly suggests making twerking an element of Zoolander 2 should it ever see the light of day.