'Iron Man' duo Robert Downey Jr and Jon Favreau will reunite for 'The Avengers,' a film about Marvel's team of superheroes.

According to the Hollywood Reporter Don Cheadle, whose deal to replace Terrence Howard in the 'Iron Man' franchise has been finalized, has also signed to perform in the action adventure.

Downey has signed a four-picture deal with Marvel Studios, which will see him reprise the character of Tony Stark for 'Iron Man 2' and 'Iron Man 3', but also for the 'Avengers' movie.

Favreau, who is directing 'Iron Man 2', will executive produce and Cheadle will play Jim Rhodes, Stark's best friend, who becomes 'War Machine'.

The 'Avengers', which is set for release in 2001 includes team players Iron Man, Captain American, Hulk, Wasp, Giant Man, Hawkeye and Thor.