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UPDATE: RYAN REYNOLDS IS THE WINNER!!
According to Variety, Reynolds has officially been cast as ‘The Green Lantern.’ This is kind of a big deal seeing as Reynolds is also attatched to play the lead in the Marvel comic adaptation of ‘Deadpool’, a character that he played and was introduced in X-Men Origins: Wolverine.
Varierty

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The Hollywood Reporter says casting for The Green Lantern is down to three candidates:

Warners has spent the past five months searching for the actor to play Hal Jordan, the hot-shot Air Force pilot who is chosen by a dying alien to be his successor in an intergalactic police force known as the Green Lanterns. This week, the race narrowed to Bradley Cooper, Ryan Reynolds and Justin Timberlake.

As of Friday afternoon, more than half the THR readers polled liked Cooper (52 percent).