The hugely popular daytime gameshow, hosted by Dale Winton, originally ran between 1993 and 2001, before returning temporarily in 2007.
FremantleMedia has finally made dreams come true for the nation as they have acquired the global format rights to the iconic shopping series and will be bringing it back sometime next year.
Vasha Wallace, EVP, Global Acquisitions and Development, said: "The time is ripe to bring back this all-time favourite gameshow which has travelled with such success over the years. Now, modern technology allows us the opportunity to update the show, making it relevant for a 21st century audience.
"It is a great addition to this year's MIPCOM slate and given the interest we've had already we're confident that everyone will be as excited for its return as we are."
Meanwhile, celeb fans like Rylan Clark-Neal and Scarlett Moffatt haven't been able to contain their excitement on Twitter.
Rylan wrote: "Praying supermarket sweep rumours are true. Literally living for this news x"
While Scarlett said: "Whattttt supermarket sweep is coming back ahhhhhh ????"
Supermarket Sweep sees players enter a store where three teams of two go head-to-head using their skills and knowledge of merchandise to win cash prizes. But players must also answer pop culture questions and solve puzzles based on the products and merchandise found in the supermarkets around the world. Supermarket Sweep sees players enter a store where three teams of two go head-to-head using their skills and knowledge of merchandise to win cash prizes. The show concludes in an all-or-nothing trolley dash, where the successful team have to beat the clock and hunt down items hidden among the supermarket aisles and shelves.
Henry Howard, son of creator Al Howard, said: "In 'Supermarket Sweep', one lucky team tries for the bonus money, but on this show, there are no losers - only shoppers having a great time.
"I'm delighted that Fremantle has made the exciting decision to bring back this classic game show, and I look forward to working with their talented teams around the world. In honor of Supermarket Sweep's return....I believe I'll go shopping!"