Robert Downey Jr. will star in 'Inherent Vice' for Paul Thomas Anderson?

It's looking like it, according to The Hollywood Reporter:

Robert Downey Jr. is making plans to fill the fall hole in his schedule with the lead role in Inherent Vice for writer-director Paul Thomas Anderson.

Anderson has been working on a screenplay adaptation of the 2009 Thomas Pynchon novel while trying to get another film -- an untitled exploration of a religious organization sometimes referred to as The Master -- off the ground. Once Downey dropped out of Disney's Oz, the Great and Powerful last month, it freed him to do another movie later this year after he shoots The Avengers for Marvel and Disney. His commitment to Anderson's movie has recently grown serious.

Vice is a comparatively accessible Pynchon work that tells the story of a stoner detective who gets wrapped up in a number of mysteries in 1969 L.A. while the Manson Family trial growls in the background.

Downey, who last starred in Due Date and Iron Man 2, has wrapped filming on Sherlock Holmes: A Game of Shadows for director Guy Ritchie and Warner Bros. That sequel comes out in December. The actor has a number of projects in development at his Team Downey shingle, plus Iron Man 3 to film for Marvel and Disney in time for a summer 2013 release. Avengers is scheduled to begin shooting in the coming months.

Anderson last wrote and directed There Will Be Blood, which grossed $76 million worldwide in 2007. He has spent the last few years developing The Master for Philip Seymour Hoffman to star, and now he is trying to secure financing for both films.

-Joey's Two Cents: I'm glad to see both projects are coming to fruition. I actually have the script for 'The Master', so it's something that I want to dive into one of these days. Thoughts?