Penelope Cruz sashays her way onto 'Zoolander 2'

Penelope Cruz will be starring Ben Stiller in 'Zoolander 2.'

Stiller is said to be playing his role as empty headed supermodel Derek Zoolander and reportedly Will Ferrell will be back as the sinister Mugatu and Owen Wilson as Zoolander's supermodel rival Hansel, Deadline.com reported.

The script for the followup to the comedy, which has been in the works for years, was penned by Justin Theroux with input from Stiller.