Elle Woods might be about to show valuable she is once again. Reese Witherspoon is in talks to star in Legally Blonde 3.

Getting The Band Back Together

MGM is close to reaching a deal with Witherspoon, who starred as the sorority sister-turned law student in 2001's Legally Blonde and hit sequel Legally Blonde: Red, White, and Blonde two years later.

Most of the creative team from the first outing are being brought back for a third go-round, which should come as good news to fans of the hit movies.

The flick might even be hitting screens sooner rather than later, with Kirsten "Kiwi" Smith and Karen McCullah, who adapted Amanda Brown's novel for the first movie, in discussion to script it.

Likewise, the original producers are on hand once again, this time alongside Witherspoon herself, under her Hello Sunshine banner. A director has not yet been confirmed, but Robert Luketic, who helmed the first film, may be set to return, making this a proper reunion.

It's been almost 20 years since Woods first graced screens, but the film and its lovable star are a huge hit with young, female audiences. Legally Blonde has enjoyed something of a resurgence on home video, as well as via the hit stage musical, which continues to tour successfully.

The original film grossed $141 million worldwide on a budget of $18 million, which the sequel grossed $124 million on a budget of $45 million.

The Time Is Right Now

The potential plot for Legally Blonde 3 is being kept secret for the moment, but it's reportedly going to be much in the spirit of its predecessors. A message of female empowerment will, naturally, abound.

Big Little Lies star Witherspoon recently gushed about how happy she would be to return to the character of Elle Woods. She even suggested her idea for what could come next for the precocious young woman.

"I actually think it's kind of great right now because we're talking about women in politics and how important [it] is to get more women [in office]. ... I think it'd be kind of a cool thing to have her be a Supreme Court justice or someone who runs for office," she said back in 2015.

On whether this would be a good time to bring Woods back, Witherspoon said last year that she feels the time is most definitely now.

"I do think it's a good time to do it. I think women need that kind of positivity right now," she advised.

The MGM deal would give the company a third branded title to play with, alongside Creed and the James Bond films. Creed 2 is currently in production, while Bond 25 was just confirmed with Daniel Craig reprising his role as the suave spy.