Sir Ian McKellen recently shared some news about The Hobbit, the prequel to the Lord of The Rings trilogy, which will be helmed by Guillermo del Toro.

In an interview with Empire Magazin, McKellen said the scripts for the two films (yes, it will be divided into two movies) will be submitted very soon. The next step will be budgeting the movies and then finally casting can begin. He did reveal in a latter interview that the Lord of The Rings cast whose characters were included in The Hobbit will be returning. Of course, this includes McKellen who will reprise his role of Gandalf.

McKellen shared that Del Toro plans to shoot the movie for 383 days, which is quite a long time.