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Billy Bob Talks Bad Santa 2

Billy Bob Thornton is in negotiations to reprise his foul-mouthed role in a sequel to 2003's "Bad Santa," TheWrap has learned.

"We feel that it’s a Christmas perennial for the R-rated crowd," a Weinstein Company spokesperson confirmed. "Everyone loves the character and Billy Bob’s excited to be in talks with us."

Thornton let the cat out of the bag during a panel at this year's SXSW festival where he was promoting his Willie Nelson documentary "The King of Luck." The actor has made no secret of his desire to play the alcoholic, safe-cracking department store Claus again, but it seems that a deal will now happen sooner rather than later.

In December, Miramax announced that it would partner with the Weinstein Company on a follow up to "Bad Santa," as well as sequels to "Swingers" and "Rounders."

No word yet on when filming will take place and if Terry Zwigoff ("Ghost World") will return as director.

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