The Express reports the Scotsman, who made his name in Shallow Grave and Trainspotting, is "the only name being mentioned" in connection with a £24m remake of the 1966 film by Paramount Pictures.
Caine's portrayal of the promiscuous Londoner who finally gets his comeuppance turned him into a celebrity over night, and Alfie is still regarded as one of his best films.
McGregor recently said filming his role as Obi-Wan Kenobe in the forthcoming Star Wars prequel Episode I - The Phantom Menace was "the epitome of tedium".
However, he has signed up to make two more Star Wars films, committing him to the project until 2005.
'Looking for a challenge'
![[ image: width=150]](/olmedia/310000/images/_314373_caine150.jpg)
The newspaper quotes a source close to McGregor as saying: "Ewan wasn't joking when he said making The Phantom Menace was the most boring experience of his professional life.
"He's looking for parts that don't require hours in the make-up chair or days standing in front of a blank screen pulling faces.
"Though matching Michael Caine's performance in the original would be a challenge, Ewan needs a challenge right now."
It is reported Paramount is offering to co-produce the remake with Natural Nylon, the company McGregor owns with his Trainspotting co-star Jonny Lee Miller as well as Jude Law, Sadie Frost and Sean Pertwee.
McGregor recently starred alongside Caine in the film Little Voice, which also starred Jane Horrocks.
Making Star Wars a bore, says McGregor
(06 Apr 99 | Entertainment)