Vulture is reporting a rumor that "Reno 911!" co-creator and star Robert Ben Garant will direct the Baywatch movie at Paramount Pictures. The studio was unable to confirm the news with us.
Screenwriter Peter Tolan (creator of "Rescue Me") previously revealed that his version has nothing to do with the show. He added that there are roles written in for David Hasselhoff and Pamela Anderson, but that they would not play the characters they did in the series.
Ben Garant is currently in post-production on Hell Baby, a horror comedy he co-wrote and co-directed with his "Reno 911! co-creator and co-star, Thomas Lennon.
UPDATE: Speaking of Thomas Lennon, Vulture is now reporting that Lennon will actually co-direct "Baywatch" with Ben Garant.