The 57-year-old actor tweeted a selfie on Tuesday, rocking a T-shirt featuring an illustration of his Top Gun character, cocky fighter pilot Tom "Iceman" Kazanski.
"Still got it... just sayin..." Kilmer wrote.
"Friends said it's official -- #TOPGUN2 was announced today. I'm ready Tom -- still got my top gun plaque!" he tweeted. "Still got the moves! Still got it!"
"There's gonna be jets, very fast jets," Cruise told ET's Carly Steel. "There's gonna be an aircraft carrier, maybe two. And a wide range of jets."
And perhaps most exciting of all, he also alluded that there might be a nod to the original's iconic volleyball scene.
"[There] may be a volleyball scene," Cruise said. "Maybe. We'll see. I have not told anyone in the world as much as I've just told you right now."