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Will Ferrell: To be or not to be Elf...?
by: Jinglebelle

Accoring to Variety, Since Elf grossed a surprising $220 million worldwide, a sequel has seemed inevitable, and many in town have been buzzing recently that it was finally set to move ahead. However, moviehole.net quotes Ferrell as saying "Elf 2 got killed. I killed Elf 2."

According to Variety, Elf star Will Ferrell is currently trying to talk New Line into 'backing up the Brinks truck' to secure him as the star of Elf 2: The Wrath of Leon.

"We're only going to make this if it's with Will," confirmed New Line production prexy Toby Emmerich. The deal for Ferrell is expected to include a guaranteed $20 million - plus against gross points.

The studio is already thinking about the next steps but won't proceed with any other elements until it closes with the in-demand actor.

It's still up in the air as to who will direct the picture. The original Elf's Jon Favreau gets to look at the script first, but insiders say it's not clear if he will end up behind the camera for the sequel or not.

The studio apparently has a list of directors who may take the riegns if Favreau declines. The list supposedly includes several of the top comedy directors and one surprising name: New Line executive, Kent Alterman, who's reportedly a favorite of Ferrell's.
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