Australia’s beloved icon and favourite little koala, Blinky Bill, has been given a CGI makeover with the first teaser trailer for his upcoming feature film released online.

Blinky Bill the Movie features True Blood star Ryan Kwanten as the voice of the little koala from Green Patch Hill and also features the voices of Toni Collette, David Wenham, Barry Humphries, Deborah Mailman, Richard Roxburgh and Barry Otto.

Australian actor and True Blood star Ryan Kwanten to voice Blinky Bill. (AAP)

The movie follows Blinky on an adventure with zoo koala Nutsy and a nervous frill-necked lizard named Jacko, on a mission to track down Blinky’s father, who went on a quest in the outback but never returned.

Along the way they encounter many dangers in the rugged Australian outback, while being relentlessly pursued by a vengeful feral cat.

Australian audiences and many others around the world first met the cheeky koala from writer Dorothy Wall’s series of books before it was reimagined into a 1992 feature film Blinky Bill the Movie , voiced by Robyn Moore.

Blinky Bill is an Australian cartoon icon. (Flying Bark Productions) (Flying Bark)

The team behind the film returned for the popular children’s show, The Adventures of Blinky Bill , which ran for two seasons on the ABC in 1993 and 1994 before returning for one season in 2004 on the Seven Network.

The cheeky little koala with a big imagination is back but this time on the silver screen in Blinky Bill the Movie, starring Ryan Kwanten and Toni Collette.