It looks like Will Smith is going to be all over the remake of the Karate Kid. Today we learn that he will not only be producing, but also directing the project. We get the scoop from our friends at moviesonline:

Will Smith is in fact going to direct the upcoming Karate Kid movie according to production notes. His son Jaden Smith will also star. There has been a lot of past speculation on who would star, and who would direct but it would seem the speculation can now end. Overbook Entertainment have Will Smith listed as the director and Jaden Smith as its star.

Will Smith has had quite the journey. If you would have told me back in the day, that The Fresh Prince would be directing a remake of the Karate Kid in the future (as the Kung Fu Kid); I would have called you a liar and a prophet of questionable ability. But here we are, and it looks like Mr. Smith’s directorial debut on a feature film, will be alongside his son and Jackie Chan or Steven Chow.

Steven Chow has confirmed that he is in talks to play Mr. Miyagi and we get his words on the matter today via themoviehole:

Martial arts magnate Stephen Chow (“Kung Fu Hustle”) has confirmed online rumours that he’s in talks to play wise and wrinkly warrior Mr Myiagi in a ‘’Karate Kid’’ remake. “I’m very fond of ‘The Karate Kid’ and would love to join in the remake project, no matter as a producer, director or actor”, says Chow. “But it depends on my schedule. As you know, next year I will work on two movies, ‘Dragon Ball’ and ‘Journey to the West.'”

So it is not yet confirmed that Chow will be Miyagi, but he is certainly still in the running. Chan is a high octane contender however and although both men are great choices, I think I would prefer the pastoral Chan for the role of Kung Fu Master. Lots of news out today regarding this project and we will have to hope that they walk with the wisdom of Macchio to create a film that pays tribute to the original.