James McAvoy & Ron Perlman in New Hobbit Movie

Guillermo del Toro and Peter Jackson’s latest incarnation of The Hobbit is still in the planning stages, and rumors abound about who and what will be involved.

Del Toro was recently quoted as saying he wants Hellboy actor Ron Perlman in the film, possibly as Smaug, although he says he also has ‘other plans’ in store for the actor. It’s also been mentioned that they may be recruiting tiny actor James McAvoy in the role of Bilbo Baggins.

Actors Ian McKellan and Andy Sirkis will bring back their roles from the recent Lord of the Rings trilogy of films.