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Ever since Rhys Ifans was cast the mysterious villain in the upcoming Marc Webb-directed Spider-Man reboot, fans have been speculating up a storm.

Would Ifans be playing Venom? Or Vulture? Or Mysterio?

Well, we can all rest our brains a bit now because according to TheWrap.com, Ifans will be playing Dr. Curt Connors - aka The Lizard.

Dr. Connors, of course, is the scientist who experiments with the regenerative properties of reptile DNA to try to re-grow his missing arm and winds up turning into a grotesque, maniacal lizard-man. Connors was played by actor Dylan Baker in the Raimi/Maguire Spider-Man films, although he never wound up transforming into a monster during their span.

There had been rumors across the blogosphere that Sony was thinking of bringing back Venom for the franchise reboot, but that character will not be featured in the movie, two individuals familiar with the project have told TheWrap.

Andrew Garfield stars as Peter Parker, while Emma Stone will play Gwen Stacy, who rivals Mary Jane Watson for Spidey's affection.

Avi Arad and Laura Ziskin are producing the movie, which begins production in December.

"Spider-Man" will hit theaters in 3D on July 3, 2012.