The guys at Deadline have it that Mr Waterworld himself Kevin Costner is in talks to star in Superman: Man of Steel alongside Henry Cavill (Tudors), who was recently cast to don the blue tights, and Lindsay Lohan, who is rumored to be playing villain Ursa.

To be directed by Zack Snyder (300, Watchmen), Man of Steel is the latest attempt by Warner Bros. to reboot the Superman franchise after the sub-par box-office performance of 2006′s Superman Returns. The film is being produced by Snyder’s wife Deborah Snyder, Christopher Nolan, Nolan’s wife Emma Thomas and Charles Roven (who obviously mustn’t be married). Chris Nolan, who is currently working on his sequel to 2008′s The Dark Knight, is also writing the screenplay with frequent collaborator David S. Goyer.

No word on who Costner is set to play, but my bet is on it being Jor-El, Clark Kent’s scientist father who sends the tyke to Earth in the first place. He was previously portrayed by Marlon Brando in the 1978 Superman.

Man of Steel is due out December 2012 and if Snyder’s latest film, Sucker Punch, is as awesome as the trailers suggest I’m going to have trouble waiting.