An eight-part TV sequel is being worked on and will be released on Disney+.
The original movie followed a group of unemployed steelworkers from Sheffield, England, and their quest to make a living from a striptease act.
The series will meet up with the group's original members and see where life has taken them since 1997.
According to Disney+, the series “will explore the brighter, sillier and more humane way forward where communal effort can still triumph over adversity”.
The original cast is coming back for the series and will be written by the movie’s original screenwriter, Oscar-winner Simon Beaufoy.
“We’re chuffed to bits to get all the Monty men back together again – now with a chaotic entourage of children, grandchildren, pets and assorted hangers-on – to see what life in Sheffield is like 25 years on,” said Beaufoy.
The original film was made on a budget of just £2 million ($3.5 million), but raked in a staggering £154 million ($258 million).
Filming will begin this week on the series with a release date to come later.