The Hollywood Reporter confirms that Paramount Pictures is working on a sequel to "Election." Reese Witherspoon will return as everyone's favorite go-getter Tracy Flick, while Alexander Payne will once again step into the director's chair. He will co-write the upcoming sequel alongside frequent collaborator Jim Taylor. The duo wrote the original "Election" in 1999, walking away with a Best Adapted Screenplay nod at the Oscars.

The upcoming Flick outing is an adaptation of "Tracy Flick Can't Win," the recently released sequel to the 1998 Tom Perrotta novel which the Payne film was based on. "Tracy Flick Can't Win" sees the titular high-achiever stuck in a rut as an assistant school principal, trying to get her way to the top. It remains to be seen just how faithful the upcoming Witherspoon-Payne collaboration will be to the source material. There's nothing to indicate that Matthew Broderick's Jim McAllister will return for the sequel as of now.

The film, which is produced by Witherspoon, is slated to hit Paramount+. No word yet on when the "Election" sequel will debut on the service. Payne is currently helming the Paul Giamatti-starring "The Holdovers," which is slated for a late 2023 release, per Deadline.