Variety reports actress Blake Lively has been cast as Carol Ferris, Green Lantern Hal Jordan's love interested in "Green Lantern." She will star along side Ryan Reynolds, who plays the test pilot turned super hero Hal Jordan. Vareity describes her role as "a pilot and administrator in civilian life."

The film will be directed by Martin Campbell, whose previous credits include the 007 films "GoldenEye" and "Casino Royale." He also helmed recent "Zorro" films with Antonio Banderas. Besides Reynolds and Lively, no other cast members have been announced.

Yesterday, reports surfaced that film had received a green light to proceed into production. The news came from the blog of visual effects supervisor Karen Goulekas, but a visit to the link cited in the reports yesterday return an error today and the most recent entry on the blog's main site is from October of 2009. Superhero Hype has the full text of the presumably deleted post, in which Goulekas writes, "Wow! Been a long time since I posted! But today is a day worth posting about! Green Lantern got the official green light today! And not a second too soon - only 10 weeks out from shooting!"

Previous reports also state the script -- written by Greg Berlanti with Marc Guggenheim and Michael Green, with a rewrite by Michael Goldenberg -- reveals how ace test pilot Hal Jordan came into contact with the Power Ring. The ring is the symbol and weapon of the Green Lantern Corps, an intergalactic police force spread over the universe. Jordan, reportedly, will find himself going to the Corps headquarters on planet Oa for training. DC Entertainment's Gregory Noveck previously described the film as a property that "allows you to start on Earth and end up in 'Star Wars.'"

Looking forward, the film still has a number of principle characters left to cast. A casting sheet first found on the Internet in September of 2009 revealed the characters Sinestro, Hector Hammond and Abin Sur will appear in the film. While the Abin Sir part will presumably be a minor one, Sinestro's role is considered to be the third major part in the film. At one point, Jackie Earle Harley ("Watchmen," "Human Target") was rumored to be the front-runner for Sinestro.

With a presumed March start date, readers can expect further cast announcements shortly.