Tony Danza  may be headed back to ABC, Deadline reports.

The Who's the Boss? star has teamed with  Vince Vaughn for a new multicamera comedy. The project, slated for the next development cycle, tells the story of three old friends who decide to move in together near their children and grandkids.

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"It's intended to be a funny and honest comedy about getting older, generational differences and the message that it's never too late to start a new chapter in life," Danza says.

Danza will star and executive-produce, while Vaughn, Peter Billingsley, and Danza's manager Dan Farah will also be executive producers.