The America's Next Top Model host starred with Lindsay Lohan in the 2000 TV movie, about a little girl who magically brings her doll to life.
Twelve years later, Banks has announced she will reprise her role as Barbie-like Eve in Life Size 2, and she's also on board as executive producer.
Quoting the film in a post on her Twitter.com page, Banks writes, ""Shine bright, Shine far, Don't be shy, Be a star... AGAIN!!!""
It's not the only project Banks has in the pipeline - the catwalk beauty is making a scripted TV drama, called Fivehead, based on her awkward teenage years.