Ian Holm will return as an older Bilbo Baggins in The Hobbit
Director Peter Jackson is currently shooting The Hobbit in New Zealand and the filmmaker has confirmed that actor Ian Holm will reprise his role as an older Bilbo Baggins. Take a look at the director's latest Facebook post below.

"One comment that came up from the recent video blog was the Bilbo voice at the end-many of you assumed it was Sir Ian Holm. Whilst Ian will be returning as the older Bilbo Baggins in The Hobbit , that recording was actually Martin Freeman's voice, taken from a script read through we recorded when the cast first arrived. I have to admit, I wasn't sure who it was when I first heard it, either. Cheers, Peter J"

Martin Freeman will star as the younger Bilbo Baggins in The Hobbit. We reported back in January that Elijah Wood will return to portray Frodo Baggins in two sequences that bookend The Hobbit. While it isn't confirmed how large a role Ian Holm will have as the older Bilbo Baggins, it seems likely he will be featured in these sequences at the beginning and end of The Hobbit. These scenes will feature Frodo reading from the "Red Book," recounting Bilbo's journey.