The Hollywood Reporter is reporting:

Fresh off the muscular performance of “X-Men Origins: Wolverine” at the boxoffice, Fox has thrown into development a spinoff featuring Deadpool, the wise-cracking mercenary played in the film by Ryan Reynolds.

Reynolds is attached to reprise the character for what for now is simply being called “Deadpool.” Lauren Shuler Donner and Marvel Studios would act as producers.

Deadpool is known as “the merc with a mouth,” a character that under Reynolds lived up to his billing in “Wolverine” until the end, when the movie deviated from the comic book persona, imbuing him with several superpowers and sewing his mouth shut.

It is understood that Reynolds would regain the ability to mouth off, with the movie going back to the roots of the character known for his slapstick tone and propensity to break the fourth wall. The character also was disfigured in “Wolverine,” though it’s unclear at this time how much the studio would want to mess with Reynolds’ handsome mug.

The project is out to writers.

Fox considered a “Deadpool” spinoff early in “Wolverine’s” development process, which is why it cast Reynolds. The actor was brought back in the month before the movie’s release to shoot one of two “Easter egg” scenes that appeared after the end credits. The scene showed Deadpool alive, though when last audiences saw him, he appeared to be dead.

A few days ago I applauded Fox for casting Ryan Reynolds in X-Men Origins: Wolverine as the Merc With a Mouth, Wade Wilson, aka Deadpool; and then spent the rest of the time bitching about what they did wrong with the character. So to hear that they have started to move forward with a Deadpool spinoff gives me mixed emotions. I would love to see Wade on the bigscreen in his own movie with ample screen time and breaking the fourth wall throughout the film, but the project is at Fox, so I am 10% fanboy excited, 90% terrified to see what Fox will do with the character and how far they will deviate.

Much like in the X-Movies where Hugh Jackman makes a great Wolverine but has fallen victim to bad scripts and story telling, I fear the same will happen to Ryan Reynolds as Deadpool in his own movie. I am not going to go the way of an overly whiney pretentious fanboy and write this movie off before it even has a script. Because for some reason no matter how many times I feel I got screwed on some superhero movies, I still have cautious optimism for the ones following (yes, even from Fox).

So, you can be sure that this bot will be bringing you all the developments of this spinoff as they happen!