The 48-year-old actor, who played villainous dodgeball team leader White Goodman in the 2004 hit comedy, is open to reprising his role in a follow-up film alongside Vince Vaughn, reported Contactmusic.
"There is a script. I haven't read it, but I know it exists. I had so much fun on that first movie so I could see myself doing a sequel at some point," Stiller said.
The comedy, which also starred Stiller's wife Christine Taylor, was a big hit, grossing more than USD 160 million on a modest USD 20 million budget.
The sequel will reportedly focus on Vaughn's Peter La Fleur and Stiller's Goodman putting their differences aside to tackle a more menacing threat to their respective businesses.