A bidding war is expected among studios for the rights to a film that would mark the 63 year-old's return as an action hero. A script has yet to be written but Justin Lin, who is best known for his work on The Fast and the Furious franchise, has been lined up to direct. Schwarzenegger hinted last month that he was ready to step back into a role he first played in 1984 and which coined his catchphrase: "I'll be back."
"I can step very comfortably into the entertainment world and do an action movie with the same violence that I've always done," he said.