Back in September we discovered that Jon Favreau may be working with his Iron Man star Robert Downey Jr. again soon when he became a candidate to direct a movie based on the Scott Mitchell Rosenberg graphic novel, Cowboys & Aliens. Since then, Favreau has officially become the director, but unfortunately, Downey Jr. actually had to drop out of the project this past Monday.

Now comes word via a scoop by Collider that Casino Royale and Quantum of Solace‘s James Bond, Daniel Craig, is now in negotiations to take on the role of Zeke Jackson that Downey Jr. vacated.

Cowboys & Aliens isn’t the most recognizable title in the world of graphic novels, but its premise sounds to be highly entertaining. It takes place in Silver City, Arizona sometime in the 1800s where the Cowboys and Indians are fighting it out as we all know they did, but this particular location is about to have a bit of a twist.

The movie is written by Transformers and Star Trek duo Alex Kurtzman and Roberto Orci, as well as Lost main man Damon Lindelof. It also has an insane group of studios and names backing it, including DreamWorks/Paramount, Universal, and names like Brian Grazer and Ron Howard of Imagine Entertainment, as well as Steven Spielberg acting as some of the producers.

If interested, you can read the comic’s first issue online now by heading to Drunk Duck.