In “The Hobbit,” which is based on the J.R.R. Tolkien fantasy novels, Blanchett will portray elven leader Galadriel, the Lady of Lothlorien.

Saoirse Ronan is all set to reteam with her ‘Lovely Bones’ director Peter Jackson in the soon-to-start-shooting THE HOBBIT, according to the film’s casting director Ros Hubbard.