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'Zoolander 2' in the works, confirmed by Ben Stiller, Owen Wilson on Paris Fashion Week runway

Ben Stiller, left, and Owen Wilson wear creations

Ben Stiller, left, and Owen Wilson wear creations for Valentino's fall-winter 2015-2016 ready to wear fashion collection, presented at Paris fashion week on Tuesday, March 10, 2015. The actors used the moment to announce they're making a sequel to their 2001 comedy, "Zoolander," in which they played high fashion models. Credit: AP / Christophe Ena

PARIS - In character as male models Derek Zoolander and the single-name Hansel, "Zoolander" stars Ben Stiller and Owen Wilson walked the runway for Valentino at Paris Fashion Week Tuesday, as Paramount Pictures announced that "Zoolander 2," a sequel to the 2001 comedy hit, will be released on Feb. 12, 2016.

In a video posted by the studio, Derek struts down one side of the oval runway in a dark-blue and black suit-and-tie ensemble with an embroidered top coat, while Hansel marches down the other in a light-gray trench coat and what appear to be silk pajamas printed with scenes of people dancing. To the strains of The Human League's 1981 single "Don't You Want Me," they pose together at the foot of the runway before continuing on their ways, each dramatically shrugging off his coat when reaching the end.

A Valentino representative told the Los Angeles Times that the collaboration had been in preparation for months, and it was unknown if the runway walk would appear in the movie.

Mugging with Wilson in an Instagram photo afterward, Stiller wrote, "Apparently Derek and Hansel have come to terms on #Zoolander2." Maison Valentino posted its own image of the actors in character backstage at Espace Ephémère Tuileries with Vogue editor-in-chief Anna Wintour.

Variety said Tuesday that the sequel is written by Stiller and Justin Theroux. The trade publication added that Penélope Cruz will also star in "Zoolander 2" and Will Ferrell likely will reprise his role as fashion mogul Mugatu.

The original grossed nearly $61 million worldwide on a budget of $28 million.

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