Variety reports that Nicolas Cage and Cameron Diaz are both in negotiations with Columbia Pictures to star in Michel Gondry's upcoming adaptation of The Green Hornet.
The movie already has Seth Rogen on board in the title role. If cast, Cage would play the villain, most likely the gangster Mr. X, and Diaz would portray the love interest of the Hornet's alter ego, newspaper publisher Britt Reid.
Rogen wrote the screenplay for the movie along with Evan Goldberg and the two are also executive producing. Production begins this fall, with a release scheduled for July 9, 2010.