Deadline reports that 20th Century Fox and producer Lauren Shuler Donner have chosen a director for Deadpool. They've hired first time director Tim Miller with Ryan Reynolds still attached to star. Miller is an interesting choice as he is best known as a visual effects director working on comic book films such as X-Men 1-2 and Scott Pilgrim. It's not that terrible of an idea as the film would have a similar "look" as the first two X-Men films while being it's own thing. Neill Blomkamp had a similar background as Miller before making District 9 and working on the effects himself cutting down the post-production costs. Eventually making a 30-40 million dollar film look like it was done for $100-150 million. This could be a tactic used by Fox to make a large scale R-rated film like District 9 without spending the money they would on a PG-13 comic book film.
It's unknown when this could start production as Fox is still looking for a director to take over The Wolverine for Darren Aronofsky. I wouldn't be shocked to see Deadpool move forward sooner than expected with a script and director now in place. Ryan is also attached but not committed to R.I.P.D. which Zach Galifianakis just dropped out and is set for summer production start. I'd like to think Reynolds would be more committed to making Deadpool first as he's been involved with it since day one.