It looks like Disney can't get enough of Woody and Buzz, as they've announced another 'Toy Story' movie is currently in the making!

Bob Iger, Disney's chairman and CEO, announced today that the franchise will be receiving yet another sequel, this time its fourth installment. It's a delicate thing, revisiting a movie so beloved by so many, but considering how fantastic the past three installments have been we aren't too worried about it. John Lasseter, who directed the first film, has teamed back up with Andrew Stanton, Pete Docter, and Lee Unkrich -- all of whom have been very involved with the past three movies.

“We love these characters so much; they are like family to us,” Lasseter said. “We don’t want to do anything with them unless it lives up to or surpasses what’s gone before. Toy Story 3 ended Woody and Buzz’s story with Andy so perfectly that for a long time, we never even talked about doing another 'Toy Story' movie. But when Andrew, Pete, Lee, and I came up with this new idea, I just could not stop thinking about it. It was so exciting to me, I knew we had to make this movie—and I wanted to direct it myself.”

'Toy Story 4' is currently slated for release on June 16, 2017 and we're already counting down the days!