Susan Sarandon and John Goodman are in negotiations to play the parents of Emile Hirsch in the Wachowski brothers directed live-action version of "Speed Racer" says The Hollywood Reporter.

Based on the classic 1960s anime series, "Speed" follows the adventures of young race car driver,and his quest for glory.

The show revolved around Speed's family, and the Wachowskis are being selective about who they pick for those roles.

Goodman is playing Pops, a race car owner and builder. Sarandon's character is the backbone of the family as well as the Mach 5 Go Racing Team.

Casting is under way for the characters of Speed's girlfriend, Trixie, and his mysterious archrival, Racer X.

Shooting begins in Germany this summer for a Summer 2008 release.