Will Ferrell has confirmed an Anchorman sequel.

The first movie, Anchorman: The Legend of Ron Burgundy, was a huge hit when it was released in 2004 and after several rumors, the funnyman has finally revealed he will be reprising his role as the newscaster.

To announce the news, Will made a surprise appearance on TV show Conan, dressed as his alter-ego. "I want to announce this to everyone here in the Americas, to our friends in Spain, Turkey, and the UK, including England, that as of 0900 mountain time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman," he told the audience.

The news was met with loud cheers from the excited crowd and he added, "It is official. There will be a sequel to Anchorman."

The first movie grossed over $90.5million at the box office. Last year, Will revealed he was desperate for an Anchorman sequel and urged the movie's fans to bombard Paramount Pictures with emails in the hope of getting one: "I urge you all to email Paramount and make this happen. We are all desperate to do it."