Actress America Ferrara's film dreams look set to become reality - Alloy Entertainment executives are developing a new Sisterhood of the Traveling Pants movie.

Just last year (13), the Ugly Betty star confirmed she and her pals Blake Lively, Amber Tamblyn and Alexis Bledel would love to make a third film in the series - and now it looks like the quartet will get its chance to reunite before cameras.

Ferrara told Entertainment Weekly magazine that she was hoping author Ann Brashares' fifth book in the Sisterhood book series could be turned into a movie, explaining, "It picks up 10 years after the fourth book, so the characters are all basically the ages that we are now. I know that the four of us would love it (to make another film), and it would be wonderful."

Ferrera, Tamblyn, Lively and Bledel have all become close friends since teaming up for the first film back in 2005; they reprised their characters for a 2008 Sisterhood sequel, and now Ken Kwapis, the director of the original, has signed on to make a third movie, titled Sisterhood Everlasting.