The Academy Award-winning actress will join Academy Award-winning actress Nicole Kidman, Academy Award-winning actress Reese Witherspoon, Academy Award nominated actress Laura Dern, Shailene Woodley, and Zoë Kravitz in the second season.
Streep snagged an Emmy statue for her leading role in HBO's "Angels in America". Mary Louise drops by Monterey because she's concerned about the well-being of her grandchildren after her son's death.
Variety reports Streep will make around United States $800,000 per episode.
Based on the novel of the same name by Liane Moriarty, Big Little Lies became one of HBO's biggest hits previous year, and as evidence by its cleaning up a various award ceremonies (Kidman and Skarsgård both walked away with Screen Actors Guild Awards this past Sunday) it is the kind of victor the network is keen to not only see return, but also grow into something equally buzzworthy and award friendly. Witherspoon, Kidman and Streep are the only confirmed stars so far, but the rest of the cast is expected to return, including Skarsgard, who would likely appear via flashbacks.
Big Little Lies was one of the biggest and best television success stories previous year - a slow-burning drama starring some of Hollywood's finest thespians. Season 2 reportedly will be based partially on a new story by the author. American Honey's Andrea Arnold will direct, taking over from season one's director Jean-Marc Vallée.
Season one of Big Little Lies won seven Emmy Awards and four Golden Globes, including acting trophies at both ceremonies for Kidman, Dern and Skarsgard. David E. Kelley, who wrote and executive produced Season 1, will return in the same roles.