Reese Witherspoon is set to reprise her role as go-getter Tracy Flick in “Tracy Flick Can’t Win,” a sequel to the 1999 political comedy “Election.” Reese Witherspoon is set to reunite with director Alexander Payne.

The 1999 original film had a breakout success for Alexander Payne and Jim Taylor, an Oscar nomination for best adapted screenplay and Witherspoon  garnered a Golden Globe nod for best actress in a musical or comedy. 

The sequel will be an adaptation of Tom Perrotta’s Tracy Flick Can’t Win, which published in June this year, follows the character of Tracy Flick as she battles to become the principal of a suburban high school. “She hasn’t fulfilled her dreams of a political career,” Perrotta said of Tracy in the book. “And she’s looking back and starting to realize that she wasn’t as extraordinary an individual as she believed. That she was a kind of representative woman rather than a unique superhero.”

Witherspoon has since gone on to win an Oscar for her role in Walk the Line and launched her production company Hello Sunshine with Seth Rodsky.  She has most recently appeared in Apple TV’s drama series “The Morning Show.” She will next lead Netflix romantic comedy Your Place or Mine alongside Ashton Kutcher and Legally Blonde 3, co-written by Mindy Kaling.

Payne’s last film was 2017’s high-concept satire Downsizing starring Matt Damon. The film received mixed reviews and was a commercial misfire. His next film The Holdovers stars Paul Giamatti was recently purchased by Focus Features for a worldwide release and is expected to be released in 2023.

“Tracy Flick Can’t Win” is one of many projects heading to Paramount’s streaming network based on pre-existing studio property. Next year, the company will see a TV remake of “Fatal Attraction” starring Joshua Jackson and Lizzy Caplan and they also have a “Grease” prequel.

“Tracy Flick Can’t Win” will be released on streaming platform Paramount+. Witherspoon will also produce while Payne will again write the screenplay with Jim Taylor.