That’s right, Gossip Girl star Blake Lively has officially been cast as the female lead, Carol Ferris opposite Ryan Reynolds in the Warner Bros live-action adaptation of the Green Lantern.

Martin Campbell will direct. Production is expected to begin in March with a release date set for June 17, 2011.

Just weeks ago there were rumors that several actresses were in the running for the part – Blake Lively, Jennifer Garner, Diane Kruger, Eva Green and Keri Russell. She’s kind of lucky to get the role. One thing is that she’s quite young for it. Another thing is, she’s against other actress who have better track records than her. Jennifer Garner played Elektra before. She’s is considered a pro (hah!) in comics to live-action adaptation type of movies. Good luck to Ms Lively, I love her in Gossip Girl, I just hope she will perform in Green Lantern.

Green Lantern is based on the DC Comics serial about an ordinary man chosen by an alien to receive an energy ring that can be used to protect the planet. Carol Ferris is the love interest of Hal Jordan and the daughter of an aerospace mogul.