Yesterday we reported that Avatar director James Cameron was teaming up with writer Shane Salerno on a new sci-fi "event film." Today, MTV Movies Blog spoke with the director at the Avatar world premiere in London, who revealed the project is actually a remake of Fantastic Voyage in 3D.

It seems Cameron won't be in the director's chair on this film though, as he seems to be only involved in a producer capacity at this time. The original film centered on a team of scientists who shrink themselves to microscopic sizes and are injected into a dying diplomat's body, mavuevering a microscopic ship through his body to surgically repair the blood clot in his brain.

We'll be sure to keep you posted on this new story as soon as we have more information.