Sherlock star Benedict Cumberbatch is reportedly in "final negotiations" to play Doctor Strange for Marvel Studios.

"Marvel has finally found its Doctor Strange. I'm hearing Benedict Cumberbatch is the studio's choice for the superhero pic, and negotiations are about to begin," states a Deadline report.

Doctor Strange is a neurosurgeon who becomes Sorcerer Supreme, protecting Earth against magical and mystical threats with powers of sorcery, mysticism, and martial arts. The Marvel Comics character was created by Stan Lee and Steve Ditko in the early 1960s.

It was reported earlier that Joaquin Phoenix was approached for the role but the actor backed out since he was not keen on committing to a multi-film contract.

Once Marvel finalises the deal with Cumberbatch, it's not unwarranted to assume that the actor might feature in the Avengers: Age of Ultron post-credits scene.

Recently, Marvel producer Kevin Feige teased that the Avengers roster will change "by the finale of Avengers 2." Doctor Strange could be an integral part of the new superhero team for Avengers 3.

Doctor Strange is scheduled to be released in summer 2016. Scott Derrickson is set to direct, THR reports.