Reese Witherspoon talks 'Legally Blonde 3': It's a great time to talk about it

Legally Blonde star Reese Witherspoon was honored at the 29th American Cinematheque Awards in Los Angeles, California, on Friday, where spoke with ET about the possibility of a third installment in the Legally Blonde series.

Recently, the 39-year-old actress and producer got fans excited when she hinted that she might reprise her role as Elle Woods at some point in the future, and that she has a great idea for the plot of the third film.

WATCH: Reese Witherspoon Shares Her Brilliant Idea for 'Legally Blonde 3'

"I know people got excited about that," Witherspoon said, admitting, however, that nothing has actually been set in stone.

"I don't know," she explained. "The screeners wrote me and they said they were going to think about it."

See Reese through the years:

In Hollywood, that's about as far from actually happening as you can get. But that doesn't mean it's not possible. After all, the Oscar winning star says that it's the perfect time for a new film following the lovable and self-possessed Elle Woods.

WATCH: Reese Witherspoon Celebrates American Cinematheque Award With Her Lookalike Kids

"I think it's a really great time to talk about women in politics because we need more women in politics," Witherspoon shared. "We're 50 percent of the population but we're only 17 percent of the government. We need some balance there."

For more from Witherspoon's idea for Legally Blonde 3, check out the video below!

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