Gaga's Elton John Colaboration

Elton John Wants Bond Theme Duet With Lady GaGa

In response to speculation that the dance queen is in the running to record the theme song for the new 007 movie, Elton says, 'She's fantastic and it would be amazing to do a duet.'

There is a chance that Elton John could have another duet collaboration with Lady GaGa. The five-time Grammy-winning singer has sparked duet speculation after he uttered his response to recent rumor suggesting that GaGa is in the running to pen and record a theme song for the next Bond movie.

Having performed at the Grammys with GaGa and is set to make another performance with her in Rainforest Fundraising event on May 13 , the 63-year-old told U.K.'s The People magazine, "I'm really pleased that Lady Gaga is up for the theme tune." He added, "She's fantastic and it would be amazing to do a duet."

Britain's The Sun has come out with the news that Lady GaGa could follow the footsteps of such artists as Madonna and Alicia Keys in lending her vocal to James Bond theme song in late March. "Bond bosses are all huge Gaga fans, her sound and sense of drama make her the top choice - Gaga has the look as well as the voice to tackle a thundering ballad," a source said.

Though to be on the top of the studio bosses' list, the "Bad Romance" hitmaker still has several competitions in going ahead to secure the gig. Amy Winehouse, who was lined up to write the theme for "Quantum of Solace" before it went to Jack White and Alicia, is said to be in the running as well, and so does Michael Buble.