Sources confirm that comedic actor Mike Myers is expected to write, produce and star in a fourth "Austin Powers" movie. The actor has for some time been mulling over the decision to make another installment of the hit comedy franchise, and it seems he's probably going to do just that.

Sources caution the deal yet to be finalized and there's always the change Myers could still opt out. Myers hasn't appeared in a live movie since the 2008 flop The Love Guru.