King did the voices of brothers Huey and Riley Freeman. Witherspoon voiced the children's grandfather, Robert Jebediah "Grandad" Freeman. The show, based in the fictional suburb of Woodcrest, gave a comedic and -- at times controversial -- satirical view of issues. The new version will be "a satire for the modern era," EW.com reported.
The show initially ran for four seasons, the last of which had no involvement from McGruder.
It has not been announced when the show will start production or on what network it will air.