The giant bugs are returning to the big screen.

A Starship Troopers remake is definitely happening, New York Magazine's Vulture reported on Friday.

The new script will be written by Ashley Edward Miller and Zack Stentz, the same team behind this summer's blockbusters Thor and X-Men: First Class, according to Vulture.

Miller and Stentz have also provided scripts for TV shows like Terminator: The Sarah Connor Chronicles, Fringe and the 2003 film Agent Cody Banks.

Loosely based on the novel of the same name by Robert A. Heinlein, Starship Troopers the movie was directed by Paul Verhoeven, who brought us RoboCop (1987), Total Recall (1990) and of course, Basic Instinct (1992).

Despite mixed reviews from movie critics, Starship Troopers went on to make more than $121 million at the box office worldwide in 1997. The film was also nominated for a visual effects Academy Award the following year, and has since developed a strong cult following.

Starship Troopers launched the careers of some of its actors, including Casper Van Dien and Denise Richards.

Neil Patrick Harris also starred in the film, playing Col. Carl Jenkins and best friend to Rico (Van Dien).

Starship Troopers inspired two straight-to-DVD sequels, Hero of the Federation (2004) and Marauder (2008), but neither excelled anywhere close to the original film's success and popularity.

Following Friday's news of the remake, Twitter has been bursting with reactions from Starship Troopers fans.

Why in God's holy name does the world need a STARSHIP TROOPERS remake? The movie isn't even 15 years old, wrote one user.

A remake of Starship Troopers is on the way... the original was a cult classic and I think should not be touched, wrote another.

The Starship Troopers remake will follow the footsteps of two other Verhoeven classics. A remake of RoboCop is due in 2013, under the direction of José Padilha (The Elite Squad), while Len Wiseman recently finished making a reboot of Total Recall, starring Colin Farrell, Kate Beckinsale, Bryan Cranston and Jessica Biel. The film arrives in theaters next August.

Scroll down to watch the original 1997 trailer for Starship Troopers.

Who do you think should star in the remake of Starship Troopers? Share your suggestions below.