Arnold Schwarzenegger will return to his iconic role as the Terminator.
According to Deadline, the actor has signed up for what will become the fifth film in the franchise, which was created by Avatar director James Cameron.
It is alleged that Sony and Lionsgate, Universal and CBS Films are considering a Schwarzenegger-centric deal worth $25 million upfront, excluding personnel fees.
It was reported in December that Universal was first in line to revive the series of films, which began in 1984.
It is further reported that Fast and Furious helmer Justin Lin is on board to direct the project.
Cameron said last year that he was pleased that Terminator 3: Rise Of The Machines and Terminator Salvation did not outperform his two earlier films in the box office.