By Peter Sciretta/May 3, 2010 2:15 pm EST

Well it appears Vaughn has returned to the table, and according to Flemming, the “studio is working with his WME reps to close the deal.”

I love Vaughn, and was a big fan of Kick-Ass, but I really would have loved to see what commercial directors turned first time feature directors Carl Erick Rinsch or Rupert Sanders could have done with the comic book property.

Previously:

EW notes that Vaughn “could very well turn down the First Class offer” especially considering the filmmaker’s history with the X-Men franchise. The studio is also said to be speaking with other possible directors.

The box office for Vaughn’s Kick-Ass has been below expectations despite overwhelmingly great buzz. Vaughn has originally hoped to film a sequel, but it doesn’t seem likely at this time. Vaughn has also been considering an adaptation of Jonathan Ross’ Turf and was in talks for a big screen adaptation of Bloodshot.

But Singer’s treatment was a Str Trek-style reboot/prequel, which will focus on “the formative years of Xavier and Magneto, and the formation of the school and where there [sic] relationship took a wrong turn.” Singer has previously admitted that First Class would “probably utilize some of the [planned/announced X-Men Origins:] Magneto story because it deals with a young Magneto,” and that “it might supersede” that plan because this new movie would explore “that relationship between a young energetic professor and a disenfranchised victim of the Holocaust.”

“It’s basically about the formation of the X-Men. How they began and the relationship between a young Xavier and a young Magneto.”