UPDATE: Deadline says it has confirmed that Raimi has made the deal with Disney to direct. They add that the film will be developed as a vehicle for Robert Downey Jr. to star in. The script will be rewritten.
Disney may have offered Sam Raimi the job as director of Oz, the Great and Powerful, according to Vulture.
The project, a prequel to the classic Wizard of Oz story, would focus on the character of the Wizard himself and his humble beginnings in Omaha, leading to the balloon accident that leaves him stranded in Oz.
Many directors have been rumored in conjunction with the film, including Sam Mendes, Adam Shankman and Guillermo del Toro but, if Vulture’s story is correct, it is now up to Raimi whether he takes the project or not.