Affleck was developing the project as a helming vehicle, but after considerable hand-wringing officially exited the project last week.

“Performing this role demands focus, passion and the very best performance I can give,” Affleck said in a statement. “It has become clear that I cannot do both jobs [acting in and directing the film] to the level they require. Together with the studio, I have decided to find a partner in a director who will collaborate with me on this massive film.”

The studio moved quickly to find a replacement, and Reeves’ name shot to the top of the list. Sources tell The Hollywood Reporter multiple conversations occurred, with the filmmaker and the studio meeting Friday.

Other directors remain in the wings, including Ridley Scott and Don't Breathe helmer Fede Alvarez.

Affleck remains on board to portray Bruce Wayne/Batman, and he co-wrote the script with DC Films co-head Geoff Johns. Several sources say, however, that the script may undergo a significant overhaul.

Reeves created TV's Felicity with J.J. Abrams before making a splash with the 2008 found-footage creature feature Cloverfield. He then took on the tough task of helming the remake of acclaimed Scandinavian horror movie Let the Right One In, which was titled Let Me In.

Dawn of the Planet of Apes followed in 2014 and Reeves, repped by CAA, is now in postproduction with War for the Planet of the Apes, which Fox has set to open on July 14.