EXCLUSIVE: Paramount Pictures and Gary Sanchez Productions have set a sequel to Daddy’s Home, the crowd-pleasing comedy which opened last Christmas and turned in a $240 million worldwide gross. Will Ferrell and Mark Wahlberg have signed to reprise their mismatched buddy characters. Sean Anders and John Morris are also returning to write the script and Anders to direct. The studio is keeping the logline under wraps.

No word on a reprise for the rest of the original cast that included Hannibal Buress, Linda Cardellini and Thomas Haden Church. The picture became the highest offshore gross of any picture Ferrell has made.

Ferrell, Anders and Morris are repped by UTA and Mosaic. Wahlberg is with WME and Leverage.