It's been a few years since we last heard about any development on a fourth entry in the Austin Powers franchise, but HitFix is now reporting that Mike Myers has just signed on for the comedy sequel.

In 2008 it was said that Myers was drafting Austin Powers 4 with Michael McCullers, who teamed with the comedy star for all three previous entries. The focus was to be on the character of Dr. Evil rather than Powers himself and would again feature Seth Green as Evil's son, Scott. Whether this element will carry over to the latest iteration of the project remains to be seen.

Austin Powers: International Man of Mystery was released in 1997 and was followed by two sequels, The Spy Who Shagged Me in 1999 and Goldmember in 2002.

Outside of voicing the title character in DreamWorks' Shrek franchise, Myers has not headlined a feature since 2008's poorly-received The Love Guru.