Elizabeth Olsen and Bryan Cranston are in talks to star in a new movie adaptation of Godzilla.

The Breaking Bad star has been approached to play the stepfather of leading man Aaron Taylor-Johnson, while Olsen is in negotiations to portray the Savages hunk's girlfriend.

Production on the project, to be directed by Gareth Edwards, is expected to begin in March (13) with a projected release in May, 2014.

The mutated comic book lizard last ran rampant on the big screen in Roland Emmerich's 1998 sci-fi thriller, starring Matthew Broderick, Jean Reno and Hank Azaria.