Actor Matt Damon is the latest star to sign on for the upcoming remake of classic Western movie The Magnificent Seven, according to a U.K. report.

Tom Cruise is said to have agreed to appear as one of the gang of gunslingers in the adaptation of John Sturges' 1960 film, and Damon is set to star alongside him as Vin, the character Steve McQueen played in the original.

A source tells Britain's The Sun, "MGM are throwing big money at the film and wanted some top names to fill the main parts. You can't get much bigger than Cruise and Damon."