If true this is brilliant news. As I said yesterday the next Bond movie is being written by Peter Morgan who as we know is a judge on Britains Got Talent...sorry that another P Morgan. Yes, Peter Morgan wrote The Queen, Frost and Nixon which stared the wonderful Sheen.
Here's the scoop....

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'Michael Sheen is in talks to play the villain in the next James Bond film, reports say.
The actor has been approached to take on the role of legendary bad guy Ernst Stavro Blofeld, the Daily Express reports.
Sheen, 40, would re-team with The Queen and Frost/Nixon writer Peter Morgan, who has been confirmed as a co-writer on the latest instalment.
The diabolical leader of global criminal organisation SPECTRE was seen in six previous Bond films, where he was played by actors including Donald Pleasence, Charles Gray and Telly Savalas.
Max Von Sydow starred as Blofield in unofficial 007 outing Never Say Never Again in 1983. However, the last legitimate appearance of the character on screen was in For Your Eyes Only in 1981.
"Michael is hot property right now and it's felt he's the man to bring Blofeld back to life," a source said. "Michael was a Bond fan in his youth, so this would be a dream role for him."

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Not only would it be cool to bring Sheen in as Blofield, who was the most important villian in the Bond world that was never really dug in to.
But, it would make Sheen the big star he deserves to be. Next year he is be in Tim Burtons Alice In Wonderland, but this would be a coo for Bond and him. Though Daniel Craig could beat Sheen with a little slap, but Blofield was never a fighter.