They also bought Star Wars from George Lucas which is now being reworked by JJ Abrams for a December release. Ford, 72, is reprising his role as Han Solo for that film.
Dr Henry Walton 'Indiana' Jones, Jr - also known as Indy - is the title character of the Indiana Jones franchise.
The character first appeared in the 1981 film Raiders Of The Lost Ark, to be followed by Indiana Jones And The Temple Of Doom in 1984, Indiana Jones And The Last Crusade in 1989, The Young Indiana Jones Chronicles from 1992 to 1996, and Indiana Jones And The Kingdom Of The Crystal Skull in 2008.
George Lucas has said Indy was inspired by heroes in 1930s films.
Pratt starts shooting The Magnificent Seven with Denzel Washington and director Antoine Fuqua in April for MGM and Sony.
Pratt - who is married to actress Anna Faris - also likely has a Guardians Of The Galaxy sequel on his plate.
Deadline cautioned that it is very early on in the casting stages and that Pratt as Indy is just a rumour for now.
- Daily Mail