Yes, the actor who famously turned down the role of Neo is finally stepping into The Matrix.

In a music video for the new single "Beautiful Scars" (both unveiled Wednesday), Smith dons a pair of futuristic sunglasses and teams up with fellow rapper Big Sean to channel the Wachowskis' 1999 sci-fi classic.

In addition, Smith has announced that he'll be dropping a new solo album, Based on a True Story, in March — marking his first full-length release in 20 years.

In the meantime, fans can watch Smith take on the role of Neo (famously played by Keanu Reeves) in the "Beautiful Scars" video, which also sees Big Sean doing his best Morpheus (originally portrayed by Laurence Fishburne).

"Look, you've made some awesome career choices your whole life," Big Sean says in the video. "There's only one you truly regret."

After a pause, he adds, "Well, maybe two, but we're not going focus on that one."

"That's messed up," Smith says of the reference to his infamous Oscars slap.

"I'm going give you a choice," Big Sean continues, getting down to business. "Blue pill: Everything remains the same and you get to move on with your life. Red pill: You get to go back and star in that movie that got away. The choice is yours."

Related: Will Smith reveals how debuting 'Summertime' after Fresh Prince episode fulfilled lifelong dream

After deliberating — insisting that he loves his life as it is — Smith makes an unexpected choice. Unlike Neo in the film, he doesn't choose. He simply takes both pills at the same time.

"Whoa, s---." Big Sean responds. "That wasn't even an option."

The rest of the video, helmed by Bad Boys For Life and Ms. Marvel directors Adil El Arbi and Bilall Fallah, follows Smith as he lives out his wildest Matrix fantasies.

The new track comes weeks after Smith shared a cryptic Instagram tease in which he referenced his decision to pass on The Matrix decades ago.

"In 1997, the Wachowskis offered Will Smith the role of Neo in The Matrix. Smith turned it down," Smith's video began. "He chose Wild Wild West, believing it was a better fit for him at the time. But the question remains: What would The Matrix have been like with Will Smith as Neo?"

The video ended with the text "Wake up, Will. The Matrix has you…"

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The post led to speculation that Smith might feature in a new Matrix movie in development, but Entertainment Weekly confirmed that he was not involved with the project.

While Smith may have hit pause on movie star mode, he's been hinting at a return to his music roots for months. Last year saw the Fresh Prince perform a new song, "You Can Make It," at the BET Awards. Other music ventures include his Sean Paul collaboration "Light Em Up" that same year, which was featured on the soundtrack for his latest film, Bad Boys: Ride or Die, and "Work of Art," a collaboration with Russ featuring Smith's son, Jaden Smith. Prior to that, Smith was pretty quiet on the music front, aside from his features on the Aladdin soundtrack as the Genie in the live-action Disney adaptation.

Smith also played two recent sold-out shows at San Diego's Observatory North Park.

Watch the "Beautiful Scars" video above.