Elf 2 moving forward without Ferrell for now

Will Ferrell hasn’t yet signed to star, but New Line continues to prep a sequel to Ferrell’s hit fantasy comedy film Elf, Variety reported. The studio has signed Old School and Starsky & Hutch writer Scot Armstrong to start work on Elf 2; he did an uncredited rewrite on the original Elf, which grossed $173 million in 2003, the trade paper reported.

The studio is believed to have an understanding with Ferrell that gives it confidence to continue with the project, even though he hasn’t committed yet.

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