The 24-year-old actress co-starred in the Nickelodeon programme with the 'Side To Side' hitmaker and Victoria Justice seven years ago, and the brunette beauty is ''so down'' to get the 24-year-old singer on board a reboot of the show.
Speaking to PEOPLE about joining forces with her former Disney cast-mates, the 'Dynasty' star - who stars in the CW remake of the classic 1980s soap opera starring Dame Joan Collins - said: ''I'm so down. I keep speaking out of turn and saying I'm ready to do one tomorrow.''
And the 'Vacation' star believes ''everybody'' she worked with on the series would jump at the chance of working on the project again in the future.
Elizabeth - who portrayed Jade West in the series for three years - continued: ''I think everybody's down. I think we unanimously had a Twitter thing where somebody, I think it might've even been Ari, she's like 'I want to do this reunion, who else is down?'''
And Elizabeth has revealed ''extended cast members'' have agreed to feature in a potential reboot.
She added: ''And we got even extended cast members to agree to it.''
However, the 'Victorious' cast have previously reunited as Daniella Monet, Leon Thomas ii, Avan Jogia and Matt Bennett joined the songstress to celebrate her 23rd birthday in June last year.
Although it has yet to be confirmed whether another season of 'Victorious' will see the cast come together again, Ariana is keen to focus on her music career and is already planning to get back in the studio and record new songs, even though she has only recently wrapped up her 'Dangerous Woman' tour.
Speaking previously about her future projects, the 'Into You' vocalist said: ''I don't even want to go home and relax. At the same time, it [the tour] has been a lot emotionally.
''But knowing me, I'm going to be in the studio because I love it, and I want to create. I started an album already a year ago, over a year ago, but I want to keep creating, and it's not done yet. So I'm going to take my sweet ass time, so I'll be rested and ready to go again as soon as possible.''