The actor previously said he felt 'kicked to the kerb' by producers after they turned down the chance to make a fifth film with him.
Ferrell and McAdams play Icelandic musicians Lars and Sigrit who dream of entering the song competition.
Will Ferrell and Rachel McAdams appear in the first spoof video from Fire Saga, the Icelandic band at the centre of their forthcoming Eurovision comedy movie. It’s most inspiring.
Will Ferrell is setting his sights on the bizarre world of the Eurovision Song Contest for his next movie project.