Shrek's long-awaited return has been confirmed, with Mike Myers, Eddie Murphy and Cameron Diaz all set to return for the lovable green ogre's first film for 16 years.

A plotline for the movie is yet to be revealed, but Myers will play the title character, Diaz will voice Shrek’s wife Princess Fiona and Murphy will return as sidekick Donkey.

Announcing the news, DreamWorks Animation said on X: "Not too Far, Far Away... Shrek 5 is coming to theatres on July 1 2026 with Mike Myers, Eddie Murphy, and Cameron Diaz."

The first film was released back in 2001, and won the first Oscar for best animated feature film.

It was a huge hit for DreamWorks, making $487m worldwide at the box office.

Shrek 2 was released in 2004, Shrek The Third came out in 2007, and Shrek Forever After hit cinemas in 2010.

Shrek 5 will in fact be the seventh film in the wider franchise, after Antonio Banderas' character had two spin-off films - Puss In Boots and Puss In Boots: The Last Wish.

It is unknown whether Banderas will be back for Shrek 5.

Murphy hinted in an interview with Collider last month that Donkey could also be getting his own spin-off movie.

He also said work on Shrek 5 started "months ago".

"I recorded the first act, and we’ll be doing it this year, we’ll finish it up," he said.

"Shrek is coming out and Donkey’s gonna have his own movie."