Following the announcement of a new live action reboot of Mighty Morphin Power Rangers movie reboot by Lionsgate, speculations about who would be included in the cast soon swarm the internet.

A-list actors like Taylor Lautner and Liam Hemsworth being linked to the film with the inclusion of "Kick Ass" star Chloe Moretz, Liam Neeson and Jack Gleeson in the team.

According to MTV News, Chloe Moretz has accepted the role offered to her by the studio as Pink Ranger, adding that she's excited to be Kimberly Hart.

Lionsgate CEO Jon Feltheimer and Power Rangers producer Haim Saban made the announcement on May.

"Lionsgate is the perfect home for elevating our Power Rangers brand to the next level," Saban revealed. "They have the vision, marketing prowess and incredible track record in launching breakthrough hits from 'The Hunger Games' to 'Twilight' and 'Divergent.'"

While Feltheimer added, "The Power Rangers stories and characters have been embraced by generations of audiences for more than 20 years, and today they are more powerful than ever."

Lionsgate revealed its plans for the 1990's children's classic:

"With an extensive and extremely devoted worldwide fan base as well as a deep and detailed mythology, the Power Rangers are primed for the big screen."

The film studio added that movie will re-visualize the Mighty Morphin Power Rangers "a group of high school kids who are infused with unique and cool super powers but must harness and use those powers as a team if they have any hope of saving the world."

While, there has been no official cast being named for the planned project it seems that the 90s' cult hero show is actively gearing up as a screenwriter is reportedly on board already.

According to website SchmoesKnow, an insider close to Lionsgate bosses have asked "Chronicle" writer Max Landis to pen the script. It has also been reported that Landis has already submitted a draft to producers Jim Miller, Alison Sheamur, and original Power Rangers creator Haim Saban.

The website also added that Landis will use the "Chronicle" as his basis for the planned Mighty Morphin Power Rangers movie 2014 if the producers will agree.

However, the recent development has disappointed the fans, claiming that Landis is an "unlikely choice" citing that he is a critic to blockbuster films and geek cinema, making it an "unwise decision."

What about you Kpopstarz readers are you excited to see Chloe Moretz as Pink Ranger in the upcoming Mighty Morphin Power Rangers Movie 2014? Sound off in the comments section below.