Dodgeball was released in 2004 and starred Vaughn and Ben Stiller as Peter LaFleur and White Goodman, who, after a disagreement involving their respective gyms, captain their teams in a dodgeball tournament in Las Vegas.
It remains one of the most beloved comedies of the noughties and was a commercial success, too, earning $168 million off a budget of $20m.
Rumours of a sequel have been doing the rounds for nearly 20 years, and Long previously provided an update to ComicBook.com.
"Vince had been telling me that he has this great idea for a sequel," he said.
Long did explain, however, that Stiller is a "little trepidatious about doing a sequel to something so beloved."
"It's very risky, you don't wanna s**t on the original, you want something just as good," he continued.
"So I think he's a little wary of that, of trying to recreate something that was very specific to that time, but I hope he comes around on it. Vince is a very convincing person, so I'm just hoping Vince can convince him with his idea. It's a funny idea, I don't wanna say what it is."
Peter La Fleur has a gym, but he is in financial trouble. White Goodman wants to take over his gym, but Peter doesn't feel like it. He still has a month to scrape together $50,000. It seems an impossible task until he sets his eye on a dodgeball competition.
Long mentioned that Stiller does love playing the character of White Goodman, so it may be that he would be open to the idea of a return.
"I know Ben loves Dodgeball and loves that character. I remember how much fun he had playing it," he explained.
"He was always laughing. When we got together years later to do a little mini-reunion for this charity and Ben put on the moustache again I remember him talking about how happy it made him playing White Goodman again and how much fun that character was."