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A third instalment in the Tomb Raider movie franchise has been confirmed, according to The Hollywood Reporter.

Warner Brothers has reportedly bought the rights to the series, based on the popular video game about the daredevil archaeologist.

Lara Croft: Tomb Raider and its sequel Lara Croft: Cradle Of Life were made by Paramount before the rights reverted back to the games' makers Eidos. Warner Brothers reportedly then landed the rights as part of Time Warner's deal to up its stake in Eidos.

Terminator Salvation's Dan Lin will produce the film, which is in early development, with Stephen Gilchrist co-producing and Eidos's Ian Livingstone executive producing.

No cast has been announced yet but insiders have tipped Transformers star Megan Fox to take on the role made famous by Angelina Jolie.