Motorola's Razr is returning as a $1,500 folding smartphone

Motorola is reaching into its vault to bring back its famous Razr cell phone, but it will come with a few upgrades.

The sleek flip phone that debuted back in 2004, will be released as a smartphone, with a foldable screen.

The Wall Street Journal reports the phone will be exclusively sold through Verizon, but you'll need to shell out $1,500 to get it.

It's expected to be released sometime next month.