According to a report from China, world-renowned Oscar-winning director Ang Lee is planning to direct a movie about boxing starring Arnold Schwarzenegger.

Ang Lee is well known to movie audience around the world, with such famous movies as Crouching Tiger Hidden Dragon, Brokeback Mountain, Sense and Sensibility, and most recently, Life of Pi. It has been previously reported that Ang Lee's new movie will be paying tribute to boxing's greatest matches in the 1960's and 1970s, and it will be filmed in 3D. Ang Lee recently went to the Philippines in November to do some pre-planning for the movie.

The latest report says the new movie's name is "Quan Hun," or Boxing Soul, and will include the legendary "Thrilla in Manila" battle between boxing greats Mohammad Ali and Joe Frazier in the Philippines in 1975. Furthermore, this is the first time that Arnold Schwarzenegger is mentioned in any media report about the movie.

As this news has just been published in the Chinese media, there is yet any corroborating news from western media and it is not certain which role Arnold would star in. It will certainly be intriguing and exciting to see Arnold back in the ring.