Ricardo Montalbán Ricardo Montalb├ín

Welcome to Fantasy Island — the reality version.

Mark Burnett and Sony are teaming up to turn the classic series into a reality show, in which contestants will compete to become a real-life Mr. or Ms. Roarke, Variety reports.

The ABC original, which aired from 1978 to '84, featured Mr. Roarke — played by the late Ricardo Montalban — in his iconic white suit, who welcomed guests to his private island and made their dreams come true with the help of his sidekick Tattoo (Hervé Villechaize).

News: Star Trek II's Khan, Fantasy Island star Ricardo Montalban, is dead at 88