Ron Burgundy - or is it Will Ferrell? - stopped by Conan O’Brien’s TBS late-night talk show ‘Conan’ last night for a surprise announcement. Entering as only Ron Burgundy could - unannounced and playing the jazz flute - the audience was instantly enamored.

Will Ferrell was in full character as Ron Burgundy, the beloved anchor of San Diego’s Action 4 News Team. He teased out the announcement by bantering with Conan O’Brien and his co-host Andy Richter.

“Conan, you look awful,” said Ron Burgundy to Conan O’Brien, hoping to offer some “professional” and “kind” advice. His advice was met with a stifled laugh from O’Brien.

After teasing out the announcement for as long as he could, Burgundy finally made the announcement.

“It is official. There will be a sequel to Anchorman.” The news was much to the pleasure of not only the studio audience, but also to social media users who instantly made the story viral.

The much anticipated sequel comes 8 years after the release of “Anchorman: The Legend of Ron Burgundy,” which grossed over $90 million in the box office.

Are you excited for the Anchorman sequel?

Check out the video of Will Ferrell as Ron Burgundy on Conan below! 

Ron Burgundy stops by ConanConan