Spacey played Luthor in last year's Superman Returns, which saw the iconic American superhero return to the big-screen after a 19-year absence, Variety reported.
Spacey, who will be 48 later this month, won Oscars for his roles in The Usual Suspects in 1996 and American Beauty in 2000.
The next Superman adventure, Superman: Man of Steel, is due for release in 2009.
Hollywood actress Nicole Kidman will produce and star in the romantic comedy Monte Carlo, the US entertainment press reported this week.
Kidman, 40, plays one member of a trio of school teachers on holiday who cut short their no-frills sojourn in Paris and head to Monte Carlo, where they pose as wealthy vacationers.
Her new project, which is based on the novel Headhunters by Jules Bass.
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