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If only we all had the kind of hard decisions Will Smith has to make.

Smith, who has been absent from the big screen since 2008's 'Seven Pounds,' is reportedly eyeing two new projects: 20th Century Fox's 'The City That Sailed' and Sony's 'Men in Black III.'

According to Variety, 'The City That Sailed' is about a New York street magician who's separated from his young daughter when she moves to London. She finds magical candles that make her wish to be reunited with her dad come true, though via rather extreme methods -- ie, the island of Manhattan breaks off from the continent and begins floating toward England. The script was written by Andrew Niccol ('Gattaca'), but so far the project has yet to find a director. If only we all had the kind of hard decisions Will Smith has to make.

Smith, who has been absent from the big screen since 2008's 'Seven Pounds,' is reportedly eyeing two new projects: 20th Century Fox's 'The City That Sailed' and Sony's 'Men in Black III.'

According to Variety, 'The City That Sailed' is about a New York street magician who's separated from his young daughter when she moves to London. She finds magical candles that make her wish to be reunited with her dad come true, though via rather extreme methods -- ie, the island of Manhattan breaks off from the continent and begins floating toward England. The script was written by Andrew Niccol ('Gattaca'), but so far the project has yet to find a director.

The 'Men in Black' series is one of the most successful franchises ever, with 'Men in Black' grossing over $587 million worldwide in 1997, and 'Men in Black II' grossing over $441 million worldwide in 2002. If cast, Smith would presumably reprise his role as Agent Jay, a role he played opposite Tommy Lee Jones in the first two films. No word yet on whether Jones is considering the project.

'Tropic Thunder' scribe Etan Cohen is reportedly penning the script, which is rumored to also star Oscar nominee Josh Brolin ('Milk'; 'No Country for Old Men'). Barry Sonnenfeld is said to be attached to direct the project, but no official deal has been made.

As we previously reported, Sacha Baron Cohen ('Borat') and Jemaine Clement ('Flight of the Conchords') were rumored to be up for a role in the film, but, again, nothing is set in stone.

Insiders say one of these projects will be Smith's next film.