Oct 18, 2010 13:19 GMT  ·  By

Michael Jackson lost his £50 million mansion Neverland when his debts accumulated and he found he was in a position he could not afford it anymore. His eldest children will get it back as soon as they turn 21.

Prince Michael and Paris, now aged 13 and 12, respectively, recently visited Neverland and were so taken aback by fond memories that they decided to get back that which once belonged to their father.

Right now, of course, they can’t do anything about it since they’re still children, says News of the World. However, the same won’t still apply once they become of age.

According to the tab, the two were recently to Neverland on a secret pilgrimage. They were overwhelmed with emotion and memories, and decided to buy it back.

“Paris and Prince remembered the rooms from their childhood,” a source says for News of the World of how the two felt after their visit.

However, Prince and Paris have no intention of living there themselves, since they will most likely turn it into “some kind of community park and centre for animals,” says the spy.

The youngest Jackson child, Blanket, has also been at Neverland on a trip last summer – and he “fell in love” with the place almost instantly.

As per News of the World, the three Jackson children stand to inherit many millions once they turn 21, which literally means they can afford to spend so much money on getting Neverland back.

Though Michael himself reportedly swore he would never set foot again back at Neverland after the infamous trials on molestation charges, word has it he was trying to recreate the mansion in Bel Air.

“Michael Jackson was involved in negotiations to buy a $38 million 15 bedroom, 16.5-bath Bel Air mansion just before he died, and the deal was 7 years in the making,” TMZ wrote one year ago, as we also informed you.

According to the e-zine, Michael initially killed talks of acquisition when he realized he couldn’t afford the place but, right before his death in the summer of 2009, he had hope again as the This Is It comeback concerts were drawing near.

One thing that motivated him to pursue the deal so badly was that his children had begged him to get it because it had what they called a “Bat Cave” – a genuine cave underneath it.