Galadriel doesn't appear in The Hobbit novel, leaving many to wonder how Jackson's adaptation will work her into the script.
Variety reports The Hobbit will be split into two parts, with both parts filmed back-to-back in February.
Jackson said he was excited to work with Blanchett again. "Cate is one of my favorite actors to work with and I couldn't be more thrilled to have her reprise the role she so beautifully brought to life in the earlier films."
Other cast members of The Hobbit are Ken Stott (as Dwarf Lord Balin), Sylvester McCoy (as the wizard Radagast the Brown), Mikael Persbrandt (the shape shifter Beorn), Ryan Gage (Drogo Baggins), Jed Brophy (dwarf Nori) and William Kircher (dwarf Bifur).
The film has release dates for December 2012 and December 2013 with New Line and MGM co-producing the anticipated flick.
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