We are ready to have the time our lives... again, as a second Dirty Dancing movie is officially happening.

Lionsgate CEO John Feltheimer has announced that the much rumoured sequel is going ahead with Jennifer Grey starring in and executive producing the film.

Feltheimer told Deadline the movie will be just like the 1987 original, which raked in almost $220 million (£167.4 million) at the box office.

"It will be exactly the kind of romantic, nostalgic movie that the franchise’s fans have been waiting for and that have made it the biggest-selling library title in the company’s history," he revealed.

Much-loved movie classic Dirty Dancing - starring Patrick Swayze and Jennifer Grey - is getting an update, the CEO of Lionsgate has confirmed

The movie was first rumoured back in July, with Feltheimer calling it 'one of the worst kept secrets in Hollywood' as he made the announcement.

The original film is regarded as movie classic that is still adored by audiences today.

It made huge stars of Jennifer Grey and the late Patrick Swayze, who appeared as Frances 'Baby' Houseman and dance instructor Johnny Castle.

Original star Jennifer Grey is reported to have signed on to the new movie
The film was a huge commercial and critical success followings its 1987 release

The movie premiered at the 1987 Cannes Film Festival and became a huge box office hit on its release.

It then broke records as the first film to sell over a million copies on home video.

It's soundtrack generated multi-platinum albums with (I've Had) The Time of my Life winning the Academy Award and Golden Globe for Best Original Song as well as a Grammy for bet duet.

Nobody puts baby in the corner!

Lionsgate released a sequel to the movie in 2004 entitled Dirty Dancing: Havana Nights which was badly received by critics who labelled it 'cheesy and unnecessary.'

While a made for TV remake was released in 2017 starring Debra Messing, Sarah Hyland and Nicole Scherzinger.

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