Deck the halls, Tim Allen is making a comeback as Santa Claus

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Christmas has come early! Tim Allen is reprising his role as the big man in red for a limited Disney Plus series.

Merry Christmas is in order with Disney+ announcing a brand new series that will see Tim Allen return as Scott Calvin (AKA Santa) in beloved The Santa Clause franchise.

"It’s clause for celebration!" the on-demand streaming service posted to Twitter.

"Tim Allen will reprise his role as Scott Calvin from “The Santa Clause” in a new Original limited series coming soon to #DisneyPlus." 

As you'd recall, the original The Santa Clause film from 1994 saw Tim Allen play Scott Calvin, an ordinary man who has no choice but to replace Santa after he falls off of a roof on Christmas Eve.

With the help of his son, Charlie, Scott dons the red suit and delivers the rest of the presents.

When he returns the sleigh to the North Pole, he is forced to become the big man in red due to a legal technicality known as 'The Santa Clause'.

The film garnered an exceptional response, grossing $189 million and leading to the sequels The Santa Clause 2 in 2002 and The Santa Clause 3: The Escape Clause in 2006.

Since the announcement, people have been speculating what they think the plot might be for this The Santa Clause comeback.

We particularly like the sound of Bryan Vision's theory, "The Retirement Clause".

"Scott is told he must retire and find a replacement, however he procrastinates all year and now Christmas is at risk unless he can find a new Santa, but of course, everyone he asks thinks he's nuts," he posted.

Another user hopes the series will include a little more action.

"Santa goes off the rails this year and has to be taken down by the elves carrying liquorice tazers," Liam Carey wrote.

"They shave him and stick him in witness protection due to all the B&Es and give him a new name... Tim Allen."

Meanwhile, others have their fingers crossed for more intricate details to be included, like the return of Comet, the lovable reindeer.

According to Disney Plus, the new series won't be far from 'The Retirement Clause' theory mentioned above.

The show will apparently revisit Scott on his 65th birthday after he realizes he can't be Santa forever, and so a hunt for his replacement begins.

Production is set to begin in Los Angeles in March this year.

Images: The Santa Clause (1994) / IMDB