Hollywood's fascination with ancient European myths shows no sign of abating.

This week we learn that Irish hunk Colin Farrell is apparently in talks to star in a reboot of the Camelot tale called Arthur & Lancelot.

Farrell is eyeing a role in the upcoming remake, but Variety is claiming he's undecided about which of the famous pair he wants to play.

According to a report in the Irish Independent this week director David Dobkin, who helmed Wedding Crashers and The Change-Up, will direct Arthur & Lancelot from his own script, but with plans to reinvent the two lead characters in a major departure from the legendary medieval tale.

'I pulled the legend apart. I only kept a few things. I kept certain characters, I recreated the entire launch of the legend and why it starts the way that it starts - I don't want to give away too much but it's always had a flaw,' Dobkin told the press.

'I will tell you this, the whole thing is wrapped around the birth of democracy as a concept and it's positing Arthur as the first man to say all men are created equal.'

Farrell - who was a sly hit in the remake of 80's horror flick Fright Night - will next appear in the eagerly anticipated Total Recall reboot with Kate Beckinsale and Jessica Biel.

Colin FarrellRobin Wong / PR Photos