Excellent! Keanu Reeves, Alex Winter to reunite in 'Bill & Ted' part 3

HOLLYWOOD -- "Bill & Ted's Excellent Adventure" Part 3? Keanu Reeves and Alex Winter are reportedly saying yes to this most excellent idea.

It's been nearly 30 years since the time-traveling teens first hit the big screen.

The Hollywood Reporter says a third Bill & Ted installment is firmly in the works.

"Bill & Ted's Excellent Adventure" hit theaters in 1989 and became a huge box office phenomenon. It was followed up with "Bill and Ted's Bogus Journey."

The new movie will be called "Bill & Ted Face the Music" and will focus on the iconic duo and their new roles as middle-aged dads.

"We couldn't be more excited to get the whole band back together again," Reeves and Winter said in a statement to THR. "Chris and Ed wrote an amazing script, and with Dean at the helm, we've got a dream team!"

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