"Exciting news. My friends at CAA (Creative Artists Agency, his talent firm) have been asking me for 7 years when they can take offers seriously. Gave them the green light today," the Telegraph quoted him as tweeting.
The 63-year-old actor came to the end of his two terms as governor of California last month, leading to much speculation as to whether he would upgrade to national political office or return to the silver screen.
But the Terminator star had kept his acting career going while in office. In between failed efforts to plug a state deficit now pegged at about 25 billion dollars, Schwarzenegger took time to make a few movie cameos, most recently as a mercenary leader in pal Sylvester Stallone's hit action thriller The Expendables.