The Cleveland Cavaliers star has announced he and his production partners at SpringHill Entertainment have scored a new Warner Bros. Entertainment deal, which will encompass projects in TV and film.

While no specific projects were unveiled at the time of the announcement, keen observers noticed that bosses at Warner Bros. filed new trademarks for Space Jam last month (Jun15), leading many to believe James was one step closer to starring in a new version of the film, as it approaches its 20th anniversary.

This isn't the first time James, who currently stars in blockbuster comedy Trainwreck, has been linked to the project - last year (14), rumours of a Space Jam sequel, starring the top player surfaced, but sources close to him denied the reports.

The original Space Jam featured Michael Jordan agreeing to help beloved Looney Toons' characters win a basketball match against aliens to win their freedom.

The live-action/animated film also starred other basketball greats such as Larry Bird and Charles Barkley and actors Danny DeVito and Bill Murray.