Hug me, brotha!
Bell, 32, teased the revival while walking the red carpet at the iHeartRadio Music Awards in L.A. on Thursday, revealing that the duo is currently in talks with several networks about a new show.
“We’re working on something,” Bell told PEOPLE. “I’m excited. I think we have a great idea.”
Drake & Josh originally aired on Nickelodeon from 2004-07. The sitcom starred Bell and Peck, also 32, as stepbrothers navigating their new sibling relationship while trying to survive the highs and lows of high school.
“[The show] is going to be way more creative, way cooler than just you know the college years or something like that,” Bell said of the reboot. “We knew that if we were ever going to come back, it’s got to be something cool. I’m excited to see what the fans think.”
While Bell kept tight-lipped about what fans can expect from the new project, a source tells PEOPLE it will “be more adult and really funny.”
Bell said he couldn’t be more excited to work alongside Peck again.
“We’ve known each other for so long, and it really is once in a lifetime in this industry that you get to work with somebody and it clicks like that,” he said. “He’s just got an amazing comedic wit and incredible timing and he’s really smart and we really get along. So I think that it just kind of all goes together.”