Will Elijah Wood Don Hairy Feet to Return to 'The Hobbit?'

[caption id="attachment_25708" align="alignleft" width="220" caption="New Line"]Elijah Wood in Lord of the Rings[/caption]

After a long and tortuous journey, Peter Jackson has finally reached his Mordor.

Yesterday, Deadline reported that Warner Bros. would pony up for the estimated $500 million price tag for Jackson's two films based on the "Lord of the Rings" prequel, "The Hobbit." While casting announcements have been aplenty since Jackson took back the reigns on the franchise, it's the original "LOTR" players that has been up in the air. Now it seems, with the money in place, talks have begun to seal the deals for the cast, including Ian Mckellen as Gandalf, Andy Serkis as Gollum, Orlando Bloom as Legolas and...Elijah Wood as Frodo?

That's the buzz, but suspicious news nonetheless. Wood's Frodo does not appear in the original "Hobbit" novel. In fact, according to J.R.R. Tolkein's specific timeline of events, he wasn't even born when Bilbo Baggins took his epic journey. So how does Frodo fit into the story?

Devin over at Badass Digest considers the possibility of book-ending the film with Frodo reading Bilbo's account of the "Hobbit" story. Makes perfect sense; bring back a few familiar faces, remind audiences that "LOTR" and "The Hobbit" are linked and then get back to the source material. The move would be a fitting segue from franchise to franchise and, really, who doesn't want to see the always-lively Mr. Wood up on screen in full Hobbit garb again?

The Hobbit: Part 1 is wishfully set for December 12, 2012.