He'll star in a movie that will be released in time for Christmas 2003.
The casting people have come up with a short-list of actors to play the part, but there are no details yet of who the hopefuls are.
It's the first time the magical story has been made into a live action movie, and filming starts later this year in Australia.
Pan's enemy cast already
He will be played by Jason Isaacs, who is also starring in the new Harry Potter film as baddie Lucius Malfoy.
The casting company has told us they may have news of another part that's up for grabs so check back here at the end of the week for more info!
Hear story
Talk about films!
Vote: Who should play Peter Pan?
I'm the voice of Jane in Return to Neverland
