A fourth “Austin Powers” movie may secretly be in development and the first casting decision could have already leaked out. According to the Boston Globe there is a rumor that blonde bombshell model Gisele Bundchen is the likely candidate to assume the female lead in the untitled fourth “Powers” film. If the gossip turns out to be for real the 27-year-old Brazilian Bundchen will step into the Austin lady shoes that have been worn by Elizabeth Hurley, Heather Graham and Beyoncé Knowles.

Mike Myers and director Jay Roach are supposedly working on a plot for the new “Austin Powers” which would tell the story from the perspective of Dr. Evil (which will once again be played by Myers.) It has been six years since “Austin Powers in Goldfinger” was released and made $200 million dollars for its studio, New Line Cinema. Myers has kept a low profile since then and kept to only working on the last two “Shrek” movies. His next live action role is as “The Love Guru” which opens in theaters on June 20.

Mike Myers, Jessica Alba, Justin Timberlake and Verne Troyer will make the comedy “The Love Guru” this fall. This is the first original character that the “Austin Powers” star created since attaining superstardom with his time tripping 1960s swinging bachelor. Myers worked on developing the character of Pitka who as a youth was left on the doorstep of an Indian ashram and raised by gurus. Now a successful adult that uses his self-help healing teachings to help couples with relationships difficulties, Pitka is hired by the owner of the NHL hockey team the Toronto Maple Leafs (played by Alba) to reunite the team’s estranged star player (Romany Malco) and his wife who is now seeing a rival player from an opposing team (Timberlake’s character.) Verne Troyer, who played the diminutive sized Mini-Me in two of the “Austin Powers” films, will play the Maple Leafs coach. The movie will be released by Paramount Pictures next summer.