“Lord of the Ring” fans have knew for years that director Peter Jackson has had a chip on his shoulder and completing the trilogy for New Line Cinema, and with “The Hobbit” prequels purchased by MGM, the project has been in limbo for about 5 years. Looks like the film studio is pretty close to bringing Jackson back to the series, as Deadline reports the Academy Award-winning director is in negotiations to direct the two-part prequel. Plans are to shoot both films back-to-back in New Zealand with no cast attached at the moment.