According to E!, the Pushing Daisies star is in the running to play the character Garrett in the upcoming adaptation of Stephenie Meyer's novel.
However, a production insider told Gossip Cop that Pace has not been approached to appear in the film.
Pace recently starred in A Single Man and When in Rome. He will next be seen in upcoming comedy 30 Beats.
Breaking Dawn will be split into two parts. Part one is scheduled to arrive in US cinemas on November 18, 2011.