Ian McKellen has signed on to return as Gandalf in The Hobbit, the two-movie adaptation of the J.R.R. Tolkien novel being directed by Peter Jackson.
The cast of The Hobbit is going to be a Lord of the Rings reunion. McKellen signing on comes on the the heels of Andy Serkis inking a deal to reprise Gollum, while Elijah Wood will return as Frodo and Cate Blanchett will be back as Galadriel. Orlando Bloom has an offer to return as Legolas the archer elf but he has neither confirmed nor denied whether he will go through with it or not. [The Hollywood Reporter]