Godzilla Update May Stomp Liz & Bryan

Elizabeth Olsen, and Bryan Cranston are in talks to star in the upcoming Godzilla redux says Variety. Aaron Johnson is still currently the frontrunner to play the lead--All three actors have no deals in place yet, or even close to being inked; and is await "The Shawshank Redemption" director Frank Darabont's draft of the script.

David Callahan, David Goyer Drew Pearce and Max Borenstein have all worked on previous drafts of the screenplay.

The film has been in the pipeline for several years, but picked up steam recently - after a proof of concept trailer screened twice during Comic-Con 2012 and got great reaction. The project will "return the character to its epic roots with a gritty, realistic actioner".

The film will be directed by Gareth Edwards ("Monsters").

In a chat with io9, in January Darabont said that both he and director Edwards' goal is to deliver a much more grounded interpretation, one much like the original 1954  film.

Goyer, Borenstein, Thomas Tull and Jon Jashni will produce.

Roy Lee, Dan Lin Brian Rogers. Alex Garcia Patricia WhitcherDoug Davison, Yoshimitsu Banno and Kenji Okuhira will serve as executive producers.

The film will get a 3-D release, but it's unclear if it is being shot that way or converted in post production. The big guy returns to theaters on May 16th 2014.

Warner Bros. and Legendary Pictures are now in a legal tussle over the property--which could set things back as well