The company is in what insiders characterize as “exploratory talks” with Rob Corddry, Craig Robinson and Clark Duke to reprise their roles for the follow-up.

Corddry could end up being involved in fashioning a script with Steve Pink, the director of the original who is in talks to return to direct the sequel.

John Cusack, who also starred in the original, is not involved at this point.

The pieces have slowly been coming together for the past several months and sources caution that deal-making is in an early stage and could fail. However, insiders also say that if a deal makes, production would be fast-tracked.

HHTM was the last movie produced under Mary Parent‘s run at MGM, before the company went into bankruptcy. The $36 million movie grossed around $50 million at the box office but proved to be a massive home entertainment hit.

The movie centered on four men, bored and unhappy with their lives, who travel back in time via a hot tub to a fateful night of their teenaged years in the 1980s. The movie, which also starred Chevy Chase, was a love letter to '80s teen comedies but seen through a modern -- somewhat coarse -- lens.

Corddry, repped by WME and Principato-Young, has seen his stock rise since HTTM. The actor won an Emmy for his work on Children’s Hospital, a show he created for Cartoon Network’s Adult Swim block. He also has six movies in the can or in post due for release this year, including Summit’s Warm Bodies and Paramount’s Pain & Gain.

Robinson, one of the stars of The Office, appears later this year in the Tyler Perry-produced We the Peeples and This is the End, a comedy with Seth Rogen and Jay Baruchel. He is repped by UTA and 3 Arts Entertainment.

Duke did a stint on The Office and will be seen in Identity Thief with Jason Bateman and Melissa McCarthy. He is repped by WME and Mosaic.

Pink, repped by UTA and Mosaic, recently wrapped Screen Gem’s remake of About Last Night starring Kevin Hart and Paula Patton. The movie is set for a Feb. 14, 2014 release.