Segel co-wrote and stars in The Muppets, which sees Kermit the Frog reunite with Miss Piggy and Fozzy for a telethon to save their Muppet Theatre.
In an interview with The AP, Segel revealed that he hoped to return Jim Henson's Muppets to the zaniness of their early films, The Muppet Movie and The Great Muppet Caper.
"I think at some point, The Muppets changed a little bit. Our goal with this movie is to reintroduce The Muppets to kids in a way that's reminiscent of the movies from the late '70s and early '80s," Segel explained.
"The great thing about those movies and what Pixar does now is they don't pander or condescend to children."
Segel also disclosed that he's willing to star in a Muppets sequel if the new film is successful, but isn't ready to begin work on the project just yet.
"That would certainly be amazing. It's not something I'm even thinking about right now," the star commented. "I'm still focused on this movie."
He added: "My big goal was just to re-establish The Muppets where they belonged. From there, everything else is gravy. I just wanted to see The Muppets again the way I remembered them."
The Muppets is now playing in US cinemas and is released on February 17, 2012 in the UK.
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Watch the trailer for The Muppets below: