Jim Carrey and Jeff Daniels
Lindsey Bahr
June 18, 2013 AT 12:00 PM EDT

Things are looking up for Lloyd and Harry. EW has confirmed that Universal Pictures picked up the North American distribution rights for Dumb and Dumber To, the in-development sequel to the hit 1994 Jim Carrey/Jeff Daniels comedy Dumb and Dumber. Deadline first reported the news.

Peter and Bobby Farrelly, who most recently directed The Three Stooges, will return to direct the sequel. The Farrelly brothers did a rewrite on the original script which was penned by Sean Anders and John Morris, who co-wrote Hot Tub Time Machine and She’s Out of My League. Stars  Carrey and Daniels are also expected to reprise their iconic roles. According to the report, the sequel will find the two friends on a road trip.

Warner Bros. dropped the picture a week ago, leaving room for Universal to step in, with Red Granite signing on to finance the project.

Read More:

‘Dumb and Dumber’ sequel dropped by Warner Bros.

The Farrelly Brothers finishing script for ‘Dumb and Dumber To’ — and that isn’t a typo

Peter Farrelly talks ‘Movie 43′ — plus, the latest on the ‘Dumb and Dumber’ sequel

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