Arnold Schwarzenegger sports Santa’s iconic white beard in a new photo from the set of The Man with the Bag.

The new photo shared by Amazon MGM Studios on Wednesday shows Schwarzenegger as Santa Claus, side by side with “Fast X” alum Alan Ritchson, his co-star in the film.

In the picture, Schwarzenegger is sporting a white beard with long white hair to match, as well as a long red coat and a cozy-looking sweater underneath. Ritchson, on the other hand, is wearing a beige coat, a white T-shirt, a zip-up sweatshirt and a baseball cap.

Sharing the new snapshot, the studio said that production on the film has officially begun.

Schwarzenegger also shared the photo on social media on Wednesday.

“Awesome filming The Man with the Bag with @alanritchson,” he wrote in the caption of an Instagram post. “Our director @adamshankman is one of the funniest directors I’ve ever worked with. New York City is an amazing host, working with @amazonmgmstudios is a joy and I can’t wait to share all this Christmas cheer with each and every one of you.

The new project’s logline states: “When Santa’s magic bag is stolen, he resorts to his naughty list to find Vance, a thief, to help him get it back. Together with his daughter, Santa Claus, and a group of misfits, Vance will have to commit the biggest heist of his life to save Christmas.

“Hairspray” and “Disenchanted” director Adam Shankman is directing the project, while “Stuck in the Middle” writer Allan Rice wrote the project.

Ritchson, Lawrence Grey, Ben Everard, Reg Tigerman and Dan Spilo are producing the upcoming family comedy.

A release date has not yet been announced.