"You knew you were getting a sequel, but now you'll also soon be able to check out the LIVE stage version," Tatum's website revealed. "Your favorite sexy male stripper story is hitting the stage and bringing with it the best of Broadway."
"Magic Mike," which opened in theaters in June 2012, was directed by Steven Soderbergh and starred Tatum as a male stripper, informed by his own experience stripping.
Unlike the film or its planned sequel, the Broadway show will be a spinoff; "more of a romp, more of a fun night out at a club with a story," said screenwriter Reid Carolin.
The show will reportedly be produced by Tatum and Carolin, alongside Soderbergh. The songs will be written by Tom Kitt and Brian Yorkey, creators of the Tony- and Pulitzer-winning "Next To Normal."