Los Angeles, Feb 6 (IANS) Actor James Franco is reportedly being considered to star in ‘Oz, The Great and Powerful’ after actor Johnny Depp dropped out.

‘No deal making has begun and many issues would need to be ironed out,’ aceshowbiz.com quoted a source as saying.

Directed by Sam Raimi, ‘Oz…’ is the story of a young illusionist from Omaha with a grandiose attitude who is forced to flee a travelling circus. His hot air balloon is swept up by a tornado to the land of Oz, which is run by two magical wicked witches.

The project is said to be a high priority for Walt Disney. Producation may start in the second half of this year.