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In addition to two possible 'Avatar' sequels, James Cameron also has his sights set on a remake of the 1966 sci-fi flick 'Fantastic Voyage,' reports Variety.

Shane Salerno -- the writer of the second best movie involving 'Aliens' and 'Predators' on screen at the same time -- will adapt 'Fantastic Voyage' for 20th Century Fox. In addition to two possible 'Avatar' sequels, James Cameron also has his sights set on a remake of the 1966 sci-fi flick 'Fantastic Voyage,' reports Variety.

Shane Salerno -- the writer of the second best movie involving 'Aliens' and 'Predators' on screen at the same time -- will adapt 'Fantastic Voyage' for 20th Century Fox.

Cameron, who will produce but not necessarily direct 'Voyage,' is understandably eager to take on new projects, as 'Avatar' is is first feature-length narrative film since 'Titanic.' Before 'Avatar,' he'd directed a pair of 3-D underwater documentaries and produced a couple of not-so-great 'Terminator' sequels. Now, it seems Cameron is ready to get back to what made him famous.

'Fantastic Voyage,' which tells the story of a terminally ill scientist whose colleagues are shrunken down and injected into his bloodstream to save his life, would use the same sort of visual effects that Cameron used in 'Avatar.'

If Salerno can write an interesting script for the yet-to-be-named director of 'Voyage,' then Cameron will be able to work his magic as producer of the film, and all will go as planned. While Roland Emmerich ('2012') was initially considered to direct, he eventually dropped out due to scheduling conflicts (whew!).

The campy sci-fi film is difficult to update because there is a certain charm that is lost when modern technology is introduced ('The Day the Earth Stood Still'). What made some of the early sci-fi pictures so interesting was that the viewer didn't get to see everything in terms of big explosions and the like because technology hadn't caught up yet.

Cameron certainly knows what he is doing in terms of making sci-fi films, but as producer, we won't know what to expect until a director is named. Until then, we can hope for the best, assuming that the film even gets made. It's been in development hell since the early 1980s, when Isaac Asimov was approached to helm the movie.

Meanwhile, Cameron pitched the idea of two 'Avatar' sequels to Fox, under the guise that the expensive technology created for the original film can be utilized for the next two films, and that he can spend most of his time working on the story. Fox has not confirmed any concrete plans yet.