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Peter JacksonIt looks like Peter Jackson may be headed back to Middle Earth after all.

According to sources for Deadline, Jackson is in negotiations to direct two of the upcoming 'Hobbit' movies.

If confirmed, this would end nearly months of rumors and speculation as to who will replace 'The Hobbit's' original director, Guillermo Del Toro. (Del Toro quit the project at the end of May, citing delays as one of his main reasons.)

A number of names have since floated around 'The Hobbit,' including Neill Blomkamp ('District 9'), David Yates ('Harry Potter and the Half-Blood Prince') and, of course, Peter Jackson. Both the Blomkamp and Yates rumors were quickly shot down. Peter JacksonIt looks like Peter Jackson may be headed back to Middle Earth after all.

According to sources for Deadline, Jackson is in negotiations to direct two of the upcoming 'Hobbit' movies.

If confirmed, this would end nearly months of rumors and speculation as to who will replace 'The Hobbit's' original director, Guillermo Del Toro. (Del Toro quit the project at the end of May, citing delays as one of his main reasons.)

Related:
Peter Jackson Dispels 'Hobbit' Rumors, Confirms Finished Screenplay

A number of names have since floated around 'The Hobbit,' including Neill Blomkamp ('District 9'), David Yates ('Harry Potter and the Half-Blood Prince') and, of course, Peter Jackson. Both the Blomkamp and Yates rumors were quickly shot down.

Today's news should come as a sign of relief to 'Hobbit' fans still worried about the future of the project. Jackson has already co-written the films' scripts with Del Toro, Philippa Boyens and Fran Walsh, and was also the man behind a little trilogy called 'The Lord of the Rings,' which went on gross billions of dollars, worldwide, and win upwards of 17 Academy Awards.

But we want to hear from you: Is Jackson the right man to direct 'The Hobbit'? Vote now in our poll.

Should Peter Jackson direct 'The Hobbit'?
Yes, he's the perfect choice.203 (97.6%)
No, let someone else take over.5 (2.4%)