Entertainment Movies Julie Andrews on Starring in a Potential 'The Princess Diaries 3' : 'It Depends What the Story Is' The Princess Diaries premiered in 2001 and inspired a sequel, 2004's The Princess Diaries 2: Royal Engagement By Nicholas Rice Nicholas Rice Nicholas Rice is a Senior Editor for PEOPLE Magazine. He began working with the brand as an Editorial Intern in early 2020, before later transitioning to a freelance role, and then staff positions soon after. Nicholas writes and edits anywhere between 7 to 9 stories per day on average for PEOPLE, spanning across each vertical the brand covers. People Editorial Guidelines Published on June 11, 2022 10:30AM EDT Photo: Axelle/Bauer-Griffin/FilmMagic Julie Andrews isn't ruling out a return to Genovia. The actress, 86, opened up about a potential third film in The Princess Diaries series as she graced the red carpet ahead of receiving the AFI Life Achievement Award at the Dolby Theatre in Hollywood, California, on Thursday evening. When asked about the possibility of reuniting with Anne Hathaway for a follow-up installment, Andrews told Entertainment Tonight, "I don't know, I think I'm the one — she's probably still okay for it, but I might just be a little too old a granny for it, I don't know." Andrews played the grandmother of Hathaway's character. "It depends what the story is, and if they can come up with something, that would be wonderful," the star continued. "But if not, there will be other things." Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories. Moviestore/Shutterstock See the Cast of The Princess Diaries, Then and Now The Princess Diaries launched a then-18-year-old Hathaway, now 39, to fame after its 2001 debut, and even inspired a sequel, 2004's The Princess Diaries 2: Royal Engagement. Alongside Hathaway and Andrews, the film also stars Mandy Moore, Heather Matarazzo, Sandra Oh and Larry Miller. Want to get the biggest stories from PEOPLE every weekday? Subscribe to our new podcast, PEOPLE Every Day, to get the essential celebrity, entertainment and human interest news stories Monday through Friday. Hathaway previously marked the iconic coming-of-age royal tale's two-decade milestone with an Instagram post last year, sharing a gallery of photos from the film. One standout behind-the-scenes shot featured Hathaway posing alongside Andrews and director Garry Marshall, in which both women flashed smiles while holding corndogs. "Miracles happen … Happy 20th Birthday to #theprincessdiaries, AKA the film that launched a thousand sleep overs 👑," Hathaway wrote alongside her nostalgic post. RELATED VIDEO: Anne Hathaway Looks Back At Making 'The Princess Diaries' Hathaway always knew the story of her character Mia Thermopolis' journey to Genovian royalty, based on Meg Cabot's book series, would be a hit. As she told PEOPLE back in January 2019, "Getting the script, it just had that feeling. ... I touched it, and it was electric." And starring opposite Andrews marked "a dream come true" for the actress, who would go on to win an Academy Award for her role as Fantine in 2012's Les Misérables. "Getting to make it and be on set every day, I got to hug Julie Andrews every day," Hathaway said. She added: "That part was also very, very, very magical. Then it came out and it was received. That part even, by the way, was magical."