Tatum, who also starred in Steven Soderbergh's male stripping drama, confirmed that a second film is being developed but emphasised that Soderbergh's proposed retirement made its future uncertain.
"We really want to [make it], but Steven Soderbergh really wants to retire," Tatum told AlloCine. "We will undoubtedly make the Broadway version first."
The actor went on to suggest that Soderbergh's long-time assistant director Gregory Jacobs could make the sequel in his place.
"You know, we are talking a lot about it. We have a story, and it is really ridiculous and fun," added Carolin, who co-produced and wrote Magic Mike.
"It's a road movie sort of thing, where a bunch of strippers get back together. It's more of a broad comedy. I don't know whether it will happen or not."
Tatum's co-star Matthew McConaughey, who played club owner Dallas in the first film, recently confirmed that he would be keen to reprise the role in a sequel.
Watch Tatum discussing the possibility of a Magic Mike sequel with Digital Spy below:
