Gossip has been rife who would replace Tobey Maguire in the superhero films ever since he quit the part of Peter Parker earlier this year.
Billy Elliott star Jamie Bell, Josh Hutcherson from Journey to the Center of the Earth, Hollywood newcomer Logan Lerman and even Twilight hunk Robert Pattinson have all been linked to the famed role.
But The Imaginarium of Doctor Parnassus actor Garfield has now been announced as the new Spider-Man by bosses at film studio Sony Pictures.
Producers are planning to turn back time for a prequel, taking Parker back to high school before he became the web-slinging superhero.
Meanwhile (500) Days of Summer director Marc Webb will helm the project after Sam Raimi also walked out earlier this year.
Shooting is scheduled to start in December for a 2012 release.