Late last year Warner Bros. had pulled the plug on the film ‘Arthur & Lancelot’ citing budget concerns but it looks like the film may not have been fully dead after all. Variety is reporting that the studio is now in talks with Colin Farrell in hopes to resuscitate this once dead film.

Warner Bros. had originally paid $2 million last summer to acquire David Dobkin’s (‘The Wedding Crashers’, ‘The Change Up’, ‘Shanghai Knights’) light hearted action flick centering on the friendship between King Arthur and his BFF Sir Lancelot. The movie budget was said to be $130 million – $20 million more than the studio wanted to spend. To make matters worse, Kit Harington (Jon Snow from ‘Game of Thrones’) was inked to play King Arthur and Joel Kinniman (‘The Darkest Hour’, ‘The Girl with the Dragon Tattoo’) was to be Sir Lancelot but the studios were reluctant to continue on as they thought the two didn’t have enough star clout to carry a big film like this. So when WB pulled the plug, both actors were freed from their contract (Kinniman has now gone on to nab the title role in ‘Robocop).

Now it looks like Farrell may be the knight in shining armor to save the film from extermination. Although it’s still early in the negotiation process, if Farrell does sign on, it may just be the jolt needed to get the movie back on track. Farrell definitely has the star power to bring in audiences with films like ‘Total Recall’, ‘Fright Night’, ‘Minority Report’ and ‘Horrible Bosses’ under his belt. Although which role he is up for has not been mentioned, sources say he’s eyeing the role of Lancelot. Gary Oldman had originally passed on the role of Merlin but if Farrell comes on board, he’ll probably be re-approached in hopes that this time he says yes.

So the quest for Camelot continues with the hopes that this Sherlock Holmes-style comedy can reach the big screen. From the sound of it, however, they may need more than Merlin and the Lady in the Lake to keep it afloat.