Reeves is in early talks to replace Ben Affleck as the director of "The Batman," according to The Hollywood Reporter.
Affleck remains on board to portray Bruce Wayne/Batman and co-wrote the script with DC Films co-head Geoff Johns.
The 44-year-old actor was developing the project as a directing vehicle but after considerable hand-wringing officially exited the project last week.
"Performing this role demands focus, passion and the very best performance I can give. It has become clear that I cannot do both jobs to the level they require. Together with the studio, I have decided to find a partner in a director who will collaborate with me on this massive film," Affleck had said in a statement.