Taylor Lautner will be the most paid teen actor in Hollywood.

MTV is now reporting that Taylor Lautner may be starring alongside Tom Cruise in a new film, which could boost his Hollywood teen status greatly by becoming the highest paid teen actor in Hollywood!

He could be expecting a cool $7.5 million dollars from his next film Northern Lights 

The film, titled “Northern Lights,” will pair the 17-year-old with Tom Cruise. The plot is described as a story about “a gifted young aerobatics pilot who faces off with his controlling billionaire father and falls in love with a gifted female pilot.” Helmed by “Max Payne” director John Moore, the film is set to start shooting on April 1.

According to the Deadline.com story, young stars like Zac Efron and Miley Cyrus have not commanded a paycheck nearly as large as Lautner’s. And the “Twilight” werewolf might get even more cash for his future projects.

A December report in Variety indicated that “Breaking Dawn,” the final book in the “Twilight” saga, may be split into two films, which would force Summit Entertainment to reopen negotiations with Lautner and co-stars Robert Pattinson and Kristen Stewart. Based on the blockbuster success of “New Moon,” that would likely mean a monster raise for Lautner.

Lautner should also see a hefty payday for his starring turn in “Max Steel.” Based on a Mattel toy line and comic book tie-in, the action flick would feature Lautner as an extreme-sports star who encounters nano-machines that endow him with superpowers. The script is still being tweaked, though, leaving the actor free to jump into “Northern Lights” with Cruise in the spring, just a couple of months before the arrival in theaters of the next “Twilight” film, “Eclipse.”

Like LMCullen pointed out on NMM, that would mean $937,500 per ab, since he does have an 8 pack, reow!