Tyra Banks couldn't be more excited for Life-Size 2, the sequel to her beloved 2000 Disney film. On Wednesday, it was announced that the sequel will air in December 2018 on Disney Channel's sister network, Freeform.

ET spoke with Banks at Freeform's Upfront Presentation in New York City on Wednesday, where she revealed she's actually been working on the sequel for five years. Banks will reprise her iconic role as a doll, Eve, that comes to life, though now Eve has grown up. This time, she's magically awoken to help a young woman learn to live and love again, and along the way, Eve herself will experience the ups and downs of real life.

"Five years, four scripts, and finally we realized, Eve needs to grow up," Banks, 43, tells ET exclusively. "She's been around for a while. She's been alive for a while. She needs to grow up and experience more adult things. So, you're going to see a very different Eve on Freeform."

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Lindsay Lohan starred in the original Life-Size, and Banks definitely doesn't rule out an appearance by the 30-year-old actress.

"I love Lindsay," Banks says. "I have not [reached out to offer a cameo], but I think it would be interesting. I have to talk to my producing partners. I think it would be interesting, right? That was my girl back in the day!"

Though Banks also has another actress in mind for the film.

"I would love Zendaya," she shares. "I think Zendaya would be really interesting."

Unfortunately, fans will have to wait well over a year for the film. Banks has clearly been busy with her new gig as America's Got Talent host, her return to America's Next Top Modeland of course, being a mom to her 1-year-old son, York.

"Can you believe we were thinking about doing it at the end of this year?!" she shared about the original release date goal for Life-Size 2. "I was gonna fit it in between Top Model and AGT and teaching at Stanford and seeing my baby. So, we were like ... Christmas 2018 will make it a better Life-Size."

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Last month, ET spoke with America's Got Talent judges Simon Cowell, Howie Mandel and Heidi Klum, who all gushed about working with Banks.

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Reporting by Rande Iaboni