Jose Perez / StarTraks 1 / 4
Jose Perez / StarTraks 1 / 4

Rinse and repeat! "The Sisterhood of the Traveling Pants" could be making a return to the big screen for a third time.

Blake Lively, who starred in the first two installments of the popular franchise with Alexis Bledel, Amber Tamblyn, and America Ferrera said there is talk of reuniting the cast.

"There is a strong chance there might be a third. The four of us are still best friends and to be able to create something together again has always been a dream of ours," Blake said during SiriusXM's Entertainment Weekly Radio and Shade 45 in NYC. "But it would have to be something that really made sense. If you wait this long to do a third movie, it needs to honor the story and the legacy."

The first movie was released in 2005 and a follow up was released three years later. Considering the the women have all aged and some of them are mothers now, the storyline and target audience would certainly change.

"We wouldn't be making a movie for 16-year-olds again," she said. "We would be making a movie trusting that our audience grew up with us. I think that would be really interesting to explore."

The topic of a third movie has been discussed before.

In February 2015, America told Meredith Vieira, "There's no green light, but it's definitely in the works. There is a script being written."

A few months later, Alexis told Bustle, "It's moving forward. We are definitely in the process. I don't know how far away we are exactly from being on set — that would be hard to gauge for me because I'm a producer for the first time on this... but it is moving forward, and we're all excited about it.

"I don't know how much we're supposed to say about it. I probably wasn't supposed to say that I'm producing it, because it's not like everything is finalized."