"I love @Kennyortega and trust that he will do something special #DirtyDancingRemake," Grey tweeted on Tuesday.
The actress also added in a statement to the Wall Street Journal that she "can’t wait" to see the final product. "I’m so excited about this news and I think there's nobody better to do this than my beloved Kenny Ortega, who is as responsible as anyone for the success of the first one."
Ortega, who served as the choreographer for the original, will helm the project as director this time.
The new version will incorporate songs from the 1987 version -- known for such hits as (I've Had) The Time of My Life, She's Like the Wind and Hungry Eyes -- as well as classic tunes from the '60s and new compositions.