Johnny Depp's Pirates sailing to Australia

Johnny Depp as Captain Jack Sparrow

Johnny Depp's Captain Jack Sparrow could be swapping the Caribbean for Australia to shoot the fifth Pirates movie.

According to The Hollywood Reporter, Pirates Of The Caribbean: Dead Men Tell No Tales looks likely to be heading Down Under after the Australian government agreed to pay a 20.2 million US dollar (£12.14 million) incentive package to Disney.

Production on Disney's remake of 20,000 Leagues Under The Sea had been due to happen in Australia, but fell into limbo when David Fincher pulled out of directing the project.

The studio apparently asked for the incentive package agreed on that project to be reallocated to Pirates Of The Caribbean, and increased to 30 per cent of the movie's budget.

A spokesman for the Australian Arts Minister George Brandis said: "The government is pleased to agree to Disney's request to enable earlier funding to be repurposed for the production of Pirates Of The Caribbean 5."

But the federal government's offer is reportedly still less than Disney is looking for to fund the movie and it is expected to go to the individual state agencies to make up the difference - with the state of Queensland looking the most likely to land the production.

Johnny will return as Captain Jack Sparrow in the fifth instalment of the hit franchise, inspired by the Disney theme park ride of the same name.

Kon-Tiki directors Joachim Ronning and Espen Sandberg will be at the helm of the project with Christoph Waltz linked to the role of villain Captain Brand and Rolling Stone Keith Richards, 70, rumoured to be set to reprise his role as Jack's swashbuckling dad, Captain Teague.

Location filming for the first two Pirates Of The Caribbean movies was done in St Vincent, in the Caribbean, while the third and fourth films moved to Hawaii.

Pirates Of The Caribbean: Dead Men Tell No Tales is now expected to be released in cinemas in the summer of 2017.