Other than a small role in Inglourious Basterds and completing his vocal duties for the Shrek franchise Mike Myers hasn’t been on-screen a whole lot over recent years.

The Love Guru may have had something to do with that after it bombed in 2008, proving audiences are only interested in wacky Myers characters if they’re British and ‘groovy’. Myers, obviously aware of this, said back in 2008 he was writing a fourth Austin Powers movie, and now it appears it’s actually happening.

Today Hit Fix confirmed that “Mike Myers just closed his deal to return to the role. Yep. “Austin Powers 4″ is coming, officially.”

No word yet on whether Jay Roach (director of the previous Austin Powers films) will be returning, but with Myers signed on it shouldn’t be too long before others come aboard.

Austin Powers: International Man of Mystery was a modest hit back in 1997 making $70m worldwide on a budget of $16m, but it blew up on VHS and The Spy Who Shagged Me soon entered production. The sequel went on to make $312m worldwide in 1999, and Austin Powers in Goldmember had similar success taking $296m in 2002.

A decade after the last film, are you interested in hearing Myers utter yeah, baby, yeah! once more?

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After The Love Guru doing not so well in the ‘good’ department it seems Mike Myers needs to get back on form in some way, and that doesn’t involve voicing an ogre. According to Nikki Finke Myers is teaming up with Mike McCullers again to write a fourth Austin Powers movie.

“It’s very personal with a father and son theme loosely based on his own life,” an insider tells me. As Myers has previously said, this fourth installment of the super spy spoof movie series will focus on Austin’s arch-villain Dr. Evil…”

Nikki Finke also points out that Myers had a character in the original Austin Powers: International Man Of Mystery script called The Love Guru but decided not to shoot it and then wrote it out of the series.

There is no deal in place yet, but with the Austin Powers franchise earning more after each movie New Line/Warner Bros. will probably give it the green light.

…yeah, baby, yeah?

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