Woody and the gang will officially return to the big screen for "Toy Story 4."
Disney CEO Bob Iger announced plans for another sequel on Thursday.
John Lasseter, who directed the first two "Toy Story" movies, will hold the reins for the newest entry in Pixar's franchise as well.
The movie is set for release on June 16, 2017.
Lasseter, "Finding Nemo" director Andrew Stanton, "Up" director Pete Docter and "Toy Story 3" director Lee Unkrich came up with the idea for the new film.
The Pixar brain trust also enlisted help from actress Rashida Jones and her writing partner, Will McCormack, following the success of their 2012 romantic comedy, "Celeste and Jesse Forever."
"We love these characters so much; they are like family to us," Lasseter said in a statement. "We don't want to do anything with them unless it lives up to or surpasses what's gone before. 'Toy Story 3' ended Woody and Buzz's story with Andy so perfectly that for a long time, we never even talked about doing another 'Toy Story' movie. But when Andrew, Pete, Lee and I came up with this new idea, I just could not stop thinking about it. It was so exciting to me, I knew we had to make this movie -- and I wanted to direct it myself."
It's not the first time the film has been discussed since "Toy Story 3" raked in more than $1 billion at the global box office.
TheWrap reported in 2010 that Tim Allen, who voices Buzz Lightyear, had committed to a fourth movie regardless of whether it actually came to fruition.
Tom Hanks also expressed interest in reprising his role as Woody, and one year later he told the BBC that Disney was in the process of "work[ing] on" the movie.
But Disney continued to curb the speculation, denying Hanks' claims and in 2013 refuting more rumors that the movie had entered development.
