Selena Gomez Celebrates Announcement That “Wizards of Waverly Place” Reboot Is Coming This Fall: 'We Are Back!!'

The timing of the release of the reboot, titled 'Wizards,' was officially announced by Disney on Friday

<p>Frazer Harrison/Getty; Bob D

Frazer Harrison/Getty; Bob D'Amico/Disney Channel via Getty

Selena Gomez is celebrating the return of Wizards of Waverly Place!

On Friday, Disney officially announced that a reboot of the popular series is arriving this Fall — and former star of the show, Gomez, 31, shared her excited reaction to the news on Instagram.

The series order and the timing of the new series was confirmed in a joint post by Disney and Gomez’s former costar on the show, David Henrie.

“Making magic, then and now 🪄,” the caption read. “The new Wizards of Waverly Place series is coming this fall!”

“WE ARE BACK!! SOOOO GRATEFUL 😍MAGIC🪄🪄,” Gomez wrote in response in the comment section.

<p>Ron Tom/Disney Channel via Getty</p> Selena Gomez and David Henrie in the "Wizards vs. Angels" episode of 'Wizards of Waverly Place'

Ron Tom/Disney Channel via Getty

Selena Gomez and David Henrie in the "Wizards vs. Angels" episode of 'Wizards of Waverly Place'

Related: Selena Gomez and Wizards of Waverly Place Costars Reunite in New Photo!

Shared alongside the message was a throwback photo from the show of Gomez resting her head on Henrie’s shoulder spliced with a teaser photo from the upcoming series of Gomez in the same position with Henrie as the pair sat on a couch.

Gomez reposted the announcement post on her Instagram Story as she wrote, “Guess what? WE GOT PICKED UP FOR SEASON 1!”

Henrie, 34, also shared his reaction to the news on his Instagram Story, writing, “🧙🪄🙌🏻 … CAN’T WAIT!!! See you this Fall! 🙌🏻.”

Related: Selena Gomez Reflects on Her Growth at Wondermind Panel: 'Makes Me Sick to Hear the Things I Was Saying About Myself'

According to Deadline, the upcoming sequel to Wizards of Waverly Place is titled Wizards and sees Gomez and Henrie, who played siblings on the show, return as executive producers.

Henrie will also be back as Justin Russo in a series regular role, while Gomez, who played Alex Russo, will make a guest appearance. The franchise will also feature new faces Janice LeAnn Brown, Alkaio Thiele, Max Matenko and Mimi Gianopulos.

Wizards of Waverly Place ran from 2007 to 2012 and followed a family of wizards. According to Deadline, the upcoming sequel will follow Justin as he embarks on living a normal, mortal life with his family (played by Thiele, Matenko and Gianopulos). This is interrupted though when his sister (Gomez) shows up with a young wizard (Brown) who he must train while juggling family life and safeguarding the Wizard World.

The new series is being written by Jed Elinoff, who is also the executive producer, and Scott Thomas. The pair also wrote the successful That’s So Raven Disney Channel spinoff series, Raven’s Home. Production begins in April, Deadline reported.

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In January, Disney announced that the popular show was returning, with Disney Channel’s official Instagram account teasing the new show by posting a close-up photo of a Wizards pilot script with a toy wand laid over it.

“📍Waverly Place,” the caption read.

At the time, Deadline revealed that the upcoming sequel to Wizards of Waverly Place would be produced by Gomez and Henrie.

Later that month, Henrie and Gomez posed together in a photo alongside the new cast of the revival and its new writers Scott Thomas and Jed Elinoff, which was shared on his Instagram Story. At the time, the actor captioned the photo, "Let's make some 🪄 [magic]."

Gomez was also pictured reuniting with her costars on the show, Henrie, David DeLuise and Maria Canals-Barrera on Instagram a few days later.

PEOPLE has reached out to Disney for further comment.

Wizards of Waverly Place can be streamed on Disney+.

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