Straight from the source: "Jackson would play the Spirit’s nemesis, the Octopus, a meek lab assistant who reinvents himself as a psychotic nightmare that kills anyone unfortunate enough to see his face. The Octopus’ tentacles reach into every aspect of crime in fictitious Central City, a city he plans to wipe out."
And Frank wants Sam Jackson for that role? Coooool. No word yet on who’ll be stepping into the "Spirit" shoes, but the director says he’s currently "mulling" a bunch of names. If I knew anything about this Denny Colt / Spirit character I could make a few suggestions. But since I don’t, how about … Matthew Lillard?
(Geez, I was kidding.)
Source: The Hollywood Reporter