Tom Hanks has revealed that Pixar is planning to make Toy Story 4.

Pixar concluded its acclaimed Toy Story trilogy with a bang last year, as Toy Story 3 grossed more than $1 billion at the worldwide box office, walked away with two Oscars for its efforts, and left many a moviegoer weeping after watching Andy say farewell to his beloved playthings. Now, however, fans may start crying for a different reason.

Assuming that Tom Hanks is to be believed, Toy Story 4 is indeed being actively developed over at Pixar. This news comes hot on the heels of another sequel from the company, Cars 2, having been given a decidedly mixed reception (even from devoted Pixar and Cars fans alike).

Hanks told BBC News of a potential sequel: “I think there will be [Toy Story 4]. Yeah, yeah, I think they’re working on it now. There you go.”

Pixar recently announced plans to release a mystery movie in 2013, although the project is said to be unrelated to any of its previous pictures.

Plans to release several shorts featuring Woody (Hanks), Buzz Lightyear (Tim Allen), and the rest of the Toy Story gang have been on the docket for a while now; the first of them, “Toy Story: Hawaiian Vacation” is currently being shown in front of the Cars sequel in theaters. Nonetheless, there’s been no actual confirmation or serious talk from either studio heads or the Toy Story voice actor cast about another full-length movie – until now.

I’ll keep you posted on the status of Toy Story 4 as more information is released.