Channing Tatum will strut his stuff one last time as Magic Mike - and he's reuniting with director Steven Soderbergh to make it happen.

'Magic Mike's Last Dance' was officially announced on Monday by star Channing Tatum.

Following 2015's 'Magic Mike XXL' which has seen something of a critical reassessment in recent years for its strong portrayal of male friendships, the 'Magic Mike' movies have been dormant, but Tatum announced the news on Monday evening that he indeed will be returning to the role.

The original 'Magic Mike' was a surprise hit in 2012, with audiences flocking in their droves to Tatum and a stacked supporting cast including Matthew McConaughey, Matt Bomer and Joe Manganiello strut their stuff.

Original director Steven Soderbergh will be returning to the directors seat, having vacated it for 2015's 'Magic Mike XXL', which was every bit as successful as the 2012 original.

“There are no words for how excited I am to blow the doors off of the world of ‘Magic Mike’ with Steven (director) Greg (producer), Reid (screenwriter), and the amazing people at HBO Max," said Tatum.

"The stripperverse will never be the same,” he teased.

Tatum and Soderbergh have formed a strong working relationship, with 'Magic Mike's Last Dance' serving as their 4th collaboration following 'Haywire', the original 'Magic Mike' and 2017's 'Logan Lucky'.

The films have spawned a stage show in the United States, which inspired Soderbergh to take to the director's chair once again.

“As soon as I saw what Channing, Reid, and the ‘Magic Mike’ choreographic team did with the live show, I said we have to make another movie. Mike Lane’s dream of connecting people through dance must be realized,” Soderbergh said.