The Hollywood Reporter has revealed that the Birdcage actor, who recently guest starred in US sitcom Modern Family, is in negotiations to join the cast of the new take on the classic fairy tale.
In the Tarsem Singh-helmed movie, the evil queen (Julia Roberts) vies for the attention of the prince (Armie Hammer), putting her in competition with her step-daughter (Lily Collins).
It is understood that Lane would take on the role of the queen's servant, who stays in her service out of fear.
Relativity's adaptation of the Snow White story is being produced at the same time as Universal's take on the tale, Snow White and the Huntsman, which has so far cast Chris Hemsworth, Kristen Stewart and Charlize Theron.
The Brothers Grimm: Snow White is scheduled for a summer 2012 opening, while Snow White and the Huntsman currently has a winter 2012 release date.