Updated 8-22

Former Magnum, P.I. star Tom Selleck is set to show off his fancy footwork in the next series of the show Dancing With The Stars.

The 63-year-old has been talked into slipping on his dancing shoes by former Three Men and a Baby co-star Steve Guttenberg, who strutted his stuff in the last season of the reality show.

See the latest speculation after the jump!

Kim and Kris (above) rumored to be partnered with father son Corky and Mark Ballas (Below)

Singer Toni Braxton (above) and singer Lance Bass (below) also rumored to be in the cast.

Selleck is expected to join other contestants including singer Toni Braxton and former 'N Sync star Lance Bass.

The official cast will be revealed on August 25th and the new season of the dance competition will premiere in America on September 22.

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Insiders report that Kim Kardashian will be battling against her mother, Kris Jenner with the possibility of being partnered with father/son professional dancers Mark and Corky Ballas.

UPDATE 8/13

Confused by all the names? Here’s the latest tally on those still supposedly in the running...and those who won’t be appearing:

Possibly Dancing:
Paula Abdul
Lance Bass
Toni Braxton
Jewel
Kim Kardashian
Ty Murray

Not Dancing:
Kathy Griffin
Dan Marino
Dan Quayle
Denise Richards

Update 8/22 from "Gossip Sauce"

We’ve got even more DWTS scoop coming up soon but for now, drum roll please, we present the cast of Dancing with the Stars Season Seven (which won't be officially announced until August 25 on Good Morning America.):

Kim Kardashian
Lance Bass
Toni Braxton
Brooke Burke
Maurice Greene
Cody Linley
Susan Lucci
Warren Sapp
Misty May-Treanor
Ted McGinley
Mark McGrath
Cloris Leachman
Jeff Ross

We’re calling Final Three right now:
Lance Bass
Susan Lucci
Warren Sapp
(Dark Horse to watch: Misty May-Treanor)