That’s because, per Deadline, Tom Hanks is in “negotiations” to star in Disney’s live-action version of Pinocchio, which is currently in development by director Robert Zemeckis.
If this news sounds vaguely familiar, that’s because this is not the first time Hanks has been attached to this movie.
That version fell apart; Zemeckis then came aboard, and now Hanks is back involved again.
He was also interested in playing Geppetto in a previous version of this project, which was going to be directed by Paddington and Paddington 2 director Paul King.