Daniels and Jim Carrey will reprise their roles as hapless duo Harry Dunne and Lloyd Christmas in the follow-up to the 1994 film and, after a series of set backs, reported Variety.
"Dumb and Dumber To" looks set for release in 2014.
Bobby and Peter Farrelly, the writers and directors behind the original and current movie, managed to secure new funding from executives at Universal Pictures last month after the project was dropped by a rival studio, and shooting will begin in September.