Peter Dinklage will star in a reboot of "The Toxic Avenger" for Legendary, Variety has confirmed.

Legendary Entertainment acquired the rights to The Toxic Avenger a few years back, with plans for a reboot of the horror-comedy property having been on the cards for a while now.

Macon Blair will write and direct the project, which is being described as a contemporary reimagining of the 1984 hit of the same name, reports variety.com.

Peter Dinklage will headline the reboot, which is being described as "a contemporary reimagining of Troma Entertainment's successful 1984 low-budget action comedy hit."

Originally known as Melvin, the protagonist becomes disfigured when he is pushed into toxic waste, and soon assumes the moniker of Toxie. In order to save his son, friends and community from corruption and greed, Toxie should rise to the occasion and become a hero.

After the debut of the original Toxic Avenger film, it became a cult classic and expanded into a musical production, children's cartoon series and Marvel comic.

Source: Press Release