Actor Daniel Craig is set to play James Bond in a short-film for the 2012 London Olympic Games opening ceremony with the Queen rumoured to make a cameo appearance.
The Sun reported the Queen personally invited the 44-year-old actor to film at Buckingham Palace.
In the film, Craig arrives by royal appointment to be told his latest mission is to launch the Games.
Her Majesty is reportedly to make a cameo appearance in what is described as a "film spectacular" but the Palace is yet to confirm this.
Craig, along with Slumdog Millionaire director Danny Boyle, who is also the creative director of the opening ceremony, were spotted filming in the Queen's private rooms on Tuesday.
They also shot helicopter and parachuting scenes.
Boyle had to reportedly gain permission from the Queen to film inside the famous landmark.
The Sun reported a source on set said the film was a huge coup for BBC producers and Boyle to have the Queen involved.
"They wanted the most iconic British film character inside the building most associated with London and with the monarch - and they got it."
A spokesman said Buckingham Palace was involved in a number of filming projects during the Queen's Jubilee year but would not go into details of any particular project until nearer the time of transmission.
The opening ceremony will be watched by a billion people around the world on July 27.