BLOOM announced today that Keanu Reeves (John Wick, The Matrix) and Alex Winter (Deep Web; Downloaded, The Lost Boys) will officially be reuniting on screen after 27 years as the legendary Ted “Theodore” Logan (Reeves) and Bill S. Preston Esq. (Winter) in the highly anticipated third installment of the Bill & Ted comedy, Bill & Ted Face the Music! As previously reported, Bogus Journey‘s William Sadler could also return as Death!

Here’s the official synopsis that was provided for us ahead of Cannes:

“When we last met Bill and Ted they were time-traveling teenagers trying to pass history class and win the battle of the bands. Once prophesized to save the universe with their rock and roll, middle age and the responsibilities of family have caught up with these two best friends who have not yet fulfilled their destiny. They’ve written thousands of tunes, but they have yet to write a good one, much less the greatest song ever written. With the fabric of time and space tearing around them, a visitor from the future warns our heroes that only their song can save life as we know it. Out of luck and fresh out of inspiration, Bill and Ted set out on a time travel adventure to seek the song that will set their world right and bring harmony in the universe as we know it. Together with the aid of their daughters, a new crop of historical figures, and some sympathetic music legends, Bill and Ted find much, much more than just a song. The film is currently in pre-production.”

Following Bill & Ted’s Excellent Adventure and Bill & Ted’s Bogus Journey, original creators Chris Matheson (Imagine That) and Ed Solomon (Men in Black, Mosaic, Now You See Me) have penned the script, with Dean Parisot (Galaxy Quest, Red 2, Fun with Dick and Jane) confirmed to direct.

Alex and Keanu stated: “We couldn’t be more excited to get the whole band back together again. Chris and Ed wrote an amazing script, and with Dean at the helm we’ve got a dream team!”

MGM owns the rights to the film and will release in the U.S. under their Orion Pictures banner.

Scott Kroopf (Limitless) will produce together with Alex Lebovici and Steve Ponce of Hammerstone Studios, with Steven Soderbergh serving as an executive producer alongside Scott Fischer, John Ryan Jr., and John Santilli.