Filmonic is reporting that Frank Dillane is one of five young actors in consideration to play Spiderman in the  4th film, which will show a younger Peter Parker than we saw from Tobey Maguire.  Frank played Young Tom Riddle in Half-Blood Prince.

Columbia wants to begin production on the Spider-Man reboot by the end of the year, and in order to do that they will need their Peter Parker. According to Heat Vision director Marc Webb has been meeting with actors quietly for several months, and has narrowed the list down to five possible candidates over the past week or two.

The movie will be released on July 3rd 2012 so they will have to decide soon.  More news as this develops!