Los Angeles, July 23 -- Basking in a grand summer slate with major releases of 'The Odyssey' and 'Spider-Man: Brand New Day', Hollywood actor Tom Holland is all set to step into his dancing shoes for a new role.

Nearly five years after announcing that he will lead a Fred Astaire biopic, Holland has finally shared an update on the film and his preparations.

"For me, what I love about my job is the challenges. We have Fred Astaire next, which is what we're planning on doing. And as soon as I finish with these tours, I'm diving back into the dance studio," the actor said on Good Morning America, as quoted by Deadline.

Holland also revealed that he has done a few first rehearsals, which left him excited and with "absolute dread."

"I did m...