Elton is reportedly the man who will join Pierce Brosnan in Bond 20, creating the theme song, according to Irish media reports on November 14, 2001.
Media reports in Ireland claim that the singer is to record a new Bond song after Christmas.
Irish singer Samantha Mumba has apparently not got the role in Bond 20 she went for. But, this is still to be confirmed.
Other news on the new Bond is that Billy Bob Thornton is considering the role of an evil Texas billionaire out to control the world's oil supplies in the next 007 adventure.