The actor, who has recently parted ways with his long-time agent, is in line for the role of Plutarch Heavensbee, Deadline reports.
Heavensbee is the new gamemaker, who steps into Seneca Crane's (Wes Bentley) shoes after he resigns.
Several key roles in the sequel are yet to be cast, with the role of new tribute Finnick Odair attracting the most speculation so far. Armie Hammer and Garrett Hedlund have both been linked to the part, while Robert Pattinson dismissed rumours that he was in line.
Jennifer Lawrence will reprise her role as Katniss Everdeen in Catching Fire, alongside Liam Hemsworth and Josh Hutcherson as love interests Gale and Peeta.
It was reported last week that Catching Fire will shoot in Atlanta.
Watch Digital Spy's interview with Jennifer Lawrence about The Hunger Games below:
Photo gallery - The Hunger Games in pictures: