"Superman Returns" director Bryan Singer and screenwriter Michael Dougherty will reteam on the film, which is tentatively slated to go before the lens next year and be released in 2009. Spacey would, according to the trade mag, film his work following his London run in David Mamet's Speed-the-Plow in April.

Spacey was just seen on Broadway in Moon for the Misbegotten — a production that originated in London at the Old Vic, where Spacey is artistic director. He has previously been seen in The Iceman Cometh, Long Day's Journey Into Night, Hurlyburly, Ghosts as well as in his Tony Award-winning performance in Lost in Yonkers.

The actor is well known for his screen work on such films as "American Beauty," "Seven," "Beyond the Sea," "Pay It Forward," "L.A. Confidential" and "The Usual Suspects" — earning Academy Awards for the "Beauty" and "Suspects." He will appear in the upcoming films "Fred Claus" and "21" as well as "Telstar," which is currently filming.