Breaking Bad star Bryan Cranston is in talks to star in Warner Bros and Legendary Pictures' new Godzilla reboot.

Martha Marcy May Marlene actress Elizabeth Olsen and English actor Aaron Taylor-Johnson are also said to be eyeing roles in the upcoming film, according to The Hollywood Reporter.

Olsen would play Taylor-Johnson's girlfriend, while Cranston would play his step-dad.

No casting deals will be finalised until former Walking Dead showrunner Frank Darabont has completed a rewrite on the script.

Gareth Edwards is set to direct the project and previously promised that he will offer a "grounded, realistic approach" to the movie.

The project is slated for a March production start, with a scheduled release of May 16, 2014.