We have been longing for a third instalment in The Princess Diaries franchise forever and it looks like our dreams are about to come true.

Rumour has it we’ll be reunited with Mia, Queen Clarisse Renaldi and of course, Fat Louie very soon.

Anne Hathaway opened up about the third movie during an appearance on Watch What Happens Live with Andy Cohen and it sounds like she’s even more excited about the third Princess Diaries movie than we are.

The actress revealed that a script has been written for the third film: “There is a script. I wanna do it, Julie wants to do it… we all really want it to happen."

However, Anne said they won’t be releasing the movie unless they’re 100 percent happy with it. They understand that the characters and story mean the world to fans.

“We don't wanna do it unless it's perfect because we love it as much as you guys love it,” she explained.

"It's as important to us as it is to you and we don't wanna deliver anything until it's ready but were working on it,” the One Day actress added.

Rumours about The Princess Diaries 3 first started circulating in 2016 when director Gary Marshall said they wanted to wait until Anne had given birth to her son Jonathan before thinking about the movie.

He commented: “I was with Anne Hathaway a couple weeks ago, it looks like we want to do Princess Diaries 3 in Manhattan," said the director of the original films. Anne is very pregnant, so we have to wait until she has the baby and then I think we're going to do it."