Arnold Schwarzenegger will be paid a reported $3 million to star in a Super Bowl commercial.

The former governor and action movie star has agreed to star in a humorous Super Bowl commercial for Bud Light.

A source told the New York Post, "Arnold has shot a series of ads in Japan but pretty much hasn't done anything in the U.S. Persuading him to promote a beer is a big coup for Bud Light."

Arnold is the latest famous face to sign up for one of the lucrative Super Bowl commercials -- which cost advertisers $4 million per slot.