After months or speculation it was confirmed a script was in the works back in November, although details were thin on the ground. It now seems that it's one step closer to actually happening, as series creator Craig Bartlett has confirmed the project has been officially greenlit at last. Via a post on Instagram, Bartlett announced :
It's official! The two-part, two-hour Jungle Movie is greenlit for production! So glad to be back with my friends at Nickelodeon.
It has previously been suggested that the most likely form it would take would be a TV movie, as a theatrical release at this point seemed unlikely. Bartlett's post seems to confirm that not only will it be airing on television, it will be shown in two parts. So not quite technically the 'movie' that fans might have been expecting.. but it seems unlikely that this will dampen their enthusiasm at all.
We still don't know much more- when it's likely to air, or how much of the original creative staff will be returning for example. Watch this space for more info as we get it!