From The Wrap:
As Marvel finalizes surprises for its Comic-Con panel on Saturday, the rumor mill regarding “Doctor Strange” has reached a fever pitch and the actor who has been mentioned most often for the coveted superhero role is none other than three-time Oscar nominee Joaquin Phoenix, multiple individuals close to the casting process have told TheWrap.
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I could see this, and I'm totally fine with it. He doesn't have a classic superhero look to him, but that might be for the best with this character.
Yeah, he was also rumored for Lex Luthor. Phoenix strikes me as the kind of actor who might turn his nose up to such a role. Plus I don't think this is supposed to be a mumblecore movie.