Jason Bateman FINALLY signs up for Arrested Development season 5

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Regardless of whether probable new episodes of the series sink or swim, the good news is now official: Jason Bateman has signed on for Arrested Development Season 5.

Executive producer Brian Grazer said two years ago that he was working on 17 new episodes.

Is Arrested Development Season 5 finally on its way? Around the same time, Netflix boss Ted Sarandos teased a possible fifth season, telling reporters, "We're plugging along". Admittedly, season 4 wasn't exactly the show's strongest outing, but it was still solid television and fans are certainly calling for more.

He stated that they are very close, but he is still very hesitant because it is something that he is very desperate to do. Last summer, creator Mitch Hurwitz promised the long-awaited update to the Bluth family saga would involve the entire principal cast - sans Scott Baio.

"I'm going to put some miles on the Stair Car this summer", Bateman announced.

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If anything about Arrested Development is true, it's that fans of the critically acclaimed comedy series have been tortured with #FakeNews about the prophesied coming of a fifth season. Find out the latest on the developing new season after the jump.

Season five of Arrested Development is officially a go!

In addition to Bateman, the cast included Portia de Rossi, Will Arnett, Michael Cera, Alia Shawkat, Tony Hale, David Cross, Jeffrey Tambor and Jessica Walter.

Regarded-at least by its fervent fan base-as a classic, Arrested Development originally ran from 2003-2006 on Fox, following the sociopathic Bluth family after their real estate-developer patriarch is indicted for treason.