Hugh Jackman is in negotiations to join director Joe Wright's adaptation of Peter Pan. The movie is called Pan, and Jackman will play playing the film's villain, Blackbeard the pirate. Javier Bardem was previously up for the part, and it was offered to him, but he passed.
Jackman isn't known for playing villains, but he has played some hardcore badass characters in his career, and I think he would make a great Blackbeard!
The movie is an origin story that "revolves around an orphan who is taken to the magical world of Neverland where he becomes a hero to the natives and leads a revolt against the evil pirates."
According to Variety, "The idea is that Blackbeard is the film’s main antagonist while Hook would serve as Pan’s close ally before turning bad." They go on to reveal that Ryan Gosling was the first choice to play Hook, but he passed on it.
As for the main character, the studio is planning an open casting call. They are also looking for an actress in her mid-20s to play Tiger Lily.
This seems like a role Jackman would take. He's currently shooting Neill Blomkamp's Chappie.