Mike Myers Expected to Close 'Austin Powers 4' Deal

New Line Cinema/Courtesy Everett Collection

Sources confirm to THR that the actor is expected to write, produce and star in a fourth installment of the series.

Mike Myers is close to committing to a fourth Austin Powers movie.

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The comic actor, who last donned the false teeth and shaggy wig in 2002's Austin Powers in Goldmember, has for some time been mulling a proposal from New Line to return to the role.

Sources confirm a report Friday on the website Hitfix that Myers is expected to close a deal to write, produce and star in a fourth film. But sources caution that no deal has closed, and Myers, one of the more mercurial figures in Hollywood, could still opt out.

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Myers last voiced the title character in DreamWorks Animation's successful Shrek franchise. Apart from a small role in Quentin Tarantino's Inglourious Basterds, Myers last appeared in a live movie for Paramount's The Love Guru. The 2008 film grossed just $40.8 mil worldwide, receiving unflattering reception from critics and fans alike.

Austin Powers: International Man of Mystery first hit theaters in 1997, with The Spy Who Shagged Me following in 1999. No word yet on a director for a fourth installment, though Jay Roach helmed the original trilogy -- which grossed $676,356,278 worldwide.