James Cameron is currently developing those back-to-back-to-back Avatar sequels as we speak, which forced him to put his long-gestating projects like Battle Angel and a remake of the 1966 sci-fi film Fantastic Voyage on the backburner. Fortunately, Robert Rodriguez entered talks to direct Battle Angel, while Cameron stays on the project as a producer. So that leaves Fantastic Voyage without a director. However, it sounds like the remake may now get one.

According to a new report, Crimson Peak director Guillermo del Toro is in talks to develop and direct the remake. With Pacific Rim 2 on indefinite hold, the long-awaited creative team of del Toro and Cameron may finally arrive in the form of Fantastic Voyage. More on the story below.

Talk about a reason to stay on a project.

With A-lister Will Smith being looked at to star in the long discussed remake The Fantastic Voyage, THR is reporting that the film’s potential helmer, Shawn Levy, is eyeing the exit door with regards to the film.  Funding appears to be hard to come by, as casting has been difficult.

Levy and Smith will be taking meetings in the next couple of weeks, meaning that this news may all be for naught, but it looks as though things in Fox’s camp appear to be a bit on edge. Levy is one of the hotter names around Hollywood, and would likely have a cavalcade of projects worthy of his time should this film fall apart.