The Canadian actor's last film appearance was in 1997's Honey, We Shrunk Ourselves. Since then, Moranis has stayed out of the spotlight, performing only a few small voice acting roles and TV cameos.

But now, Moranis is set to return for Shrunk. It will be the fourth film in the Honey, I Shrunk The Kids series.

Rick Moranis in 'Honey, I Shrunk The Kids' from 1989

RELATED: The Best Romantic Comedies Of The 80s And 90s

What we know so far about Shrunk

Shrunk will see Moranis reprise his role, "Wayne Szalinski," from the earlier films in the comedy series. In Honey, I Shrunk The Kids, "Wayne" shrinks his own children and a few neighbourhood kids too.

The first film was followed by Honey, I Blew Up The Kids, in which "Wayne" enlarges his newborn baby. Honey, We Shrunk Ourselves was the last of the original films, and Moranis's last live-action film appearance, back in 1997.

Josh Gad will play "Wayne's" son, an aspiring scientist like his father, in Shrunk. Original director Joe Johnston will also return to direct the film. It will begin shooting this year.

Honey, I Shrunk The Kids. Movie Poster. 1989. Starring Rick Moranis.

CHECK THIS OUT: 5 Memorable Moments And Reactions At The 2020 Oscars

Stay tuned for more details

If you were a fan of the Honey, I Shrunk The Kids films, you'll want to keep this new film in mind! Moranis and the creative team behind the film will be looking to recapture the charm of the original series.

We'll have more details as they come.