Update 1:29 EST: A new report has surfaced saying that Princess Diaries 3 is NOT currently in development. Sources close to Disney say that there is no reboot or sequel for the franchise in the works.
It's been reported that Disney is developing a third installment of The Princess Diaries!
The original hit 2001 comedy, which launched Anne Hathaway's career, told the story of lovable yet invisible Mia Thermopolis who discovers she is royalty after being reunited with her estranged grandmother — played flawlessly by Julie Andrews!
The original film was such a success, it produced an
heir sequel that followed Mia to the fictional country of Genovia, where she took over ruling the throne.
[ Related: This Might Be The Cutest Photo Of Anne Hathaway And Her Husband Yet ]
The plot of Princess Diaries 3 is being kept under wraps for now, but sources say that Hathaway's involvement is still up in the air!
Without the original star, that can only mean Disney plans to reboot the entire franchise with a new princess — which, let's be honest, we can totally see happening!
It's been eleven years since the second film, at the end of which Mia was getting pretty cosy with a young Chris Pine. A new princess could totally be plausible over that gap!
Either way, we're excited to see if the Princess Diaries 3 will reign over it's predecessors!