Now that he’s said hasta la vista to politics, former California governor Arnold Schwarzenegger is back to claim his place as Hollywood action hero. The now 63-year-old actor has officially attached himself to star in a new Terminator film, to be directed by flavor-of-the-moment Justin Lin (Fast Five).

Deadline broke the news and reports that a rights package rumored to be priced at $25 million is being shopped around to studios. According to the site, Universal, CBS Films, Sony and Lionsgate are all very interested in the project.

Somewhere, Edward Furlong just called his agent and heroin dealer … not necessarily in that order.

The Terminator franchise has earned over $1.3 billion in worldwide coin.