This project has been in the works for years … hopefully we’ll get something more solid on it/filming details soon…

Christoph Waltz joins Matt Damon, Reese Witherspoon in Alexander Payne’s Downsizing

Two-time Oscar winner Chistoph Waltz (Inglorious Basterds, Django Unchained) and actress Hong Chau have been cast in Alexander Payne’s new movie, Downsizing, Paramount announced Thursday. They flesh out a cast already populated by Matt Damon and Reese Witherspoon.

The Nebraska director co-wrote the script along with Sideways collaborator Jim Taylor. Set in the near future, the film follows a man who realizes he’d be better off if he shrunk himself.

Waltz appeared as the villain in last fall’s Bond movie, Spectre, and also stars in the upcoming Legend of Tarzan.

Chau made her big-screen debut in Inherent Vice from Paul Thomas Anderson. She’s currently in production for the new HBO show Big Little Lies, which also stars Witherspoon.

– EW