Golden Globe winning drama Party of Five is reportedly set to be remade with a modern twist.

The show ran from 1994 to 2000 and starred Scott Wolf, Matthew Fox, Leve Campbell and Lacey Chabert. Chabert later starred as Gretchen Wieners in 2004 movie Mean Girls while Campbell plays LeAnn Harvey in popular Netflix series House of Cards.

It was also the show that shot Jennifer Love Hewitt to fame in her role as Sarah Reeves Merrin.

Party of Five tracked the struggles of five orphans as they tackled life after their parents death in a car crash.

The new production will be helmed by original creators Chris Keyser and Amy Lipmann and will track a Latino family who recently immigrated to the United States.

The reboot is in its early stages, with no TV or streaming network attached to the show and original producers Sony TV are yet to hear the pitch, according to the Hollywood Reporter.

Rebooting '80s and '90s hits has become a key strategy for networks and streaming services attempting to produce must-watch television in a crowded market.

Networks have played on the nostalgia and familiarity associated with past hits in order to connect with viewers.

Netflix was among the first to use the tactic, creating Fuller House, a reboot of the hit Full House. Soap opera Dynasty, is also set for a new run, with Netflix to stream the show in Australia when it premieres in October.

Will & Grace fans finally had their wishes answered when a ninth season of the show was announced by NBC in January. The American network announced a 10th season in August.

Streaming service Stan, part-owned by Fairfax Media, will broadcast the new episodes the same day as they are aired in the US. The first episode will be released this Friday.

Will & Grace isn't the first reboot to be aired on Stan, with '90s mystery drama Twin Peaks also streaming on Stan when it was refreshed earlier this year.