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OTRC: Elijah Wood drops 'Hobbit' spoilers, prepares to travel to New Zealand (Video)(Exclusive)

Elijah Wood talks to OnTheRedCarpet.com on June 23, 2011 about his FX series 'Wilfred,' which premiered later that night at 10 p.m. ET. / Elijah Wood appears in a scene from the 2001 film 'The Lord of the Rings: The Fellowship of the Ring.' (New Line Productions)

Elijah Wood says he is preparing to head down to New Zealand in October to film "The Hobbit," the two-part prequel to the hit "Lord of the Rings" trilogy, and dished on what fans can expect to see.

Warning: Spoiler alert!

Wood's character, Frodo, was the main character in "Lord of the Rings" movies and is the nephew of Bilbo, who also appeared in the films. The character is the protagonist in "The Hobbit" novel by J. R. R. Tolkien, who penned the entire series. The book tells of Bilbo's quest to find a treasure guarded by a dragon and also explains how he obtained the magic ring that drives the plot of "Lord of the Rings."

"It's extremely close to the book," Wood, 30, told OnTheRedCarpet.com correspondent Jacob Burch. "In fact, it's actually a flashforward in time. Frodo is not alive around the time period of 'The Hobbit.' It's about 60 years before Frodo's birth, I think. So ultimately, myself and Ian Holm, who played Bilbo in 'The Lord of the Rings,' will have some scenes together that will precede the 'Hobbit' time."

"Bilbo actually wrote 'The Hobbit' in a book called 'There and Back Again: A Hobbit's Tale,' so I think there might be something to do with that book that he's writing," he said. "It's very much keeping the integrity. Frodo does not exist within the context of the time period of 'The Hobbit.'"

In "The Hobbit, Holm reprises his role as an older version of Bilbo while Martin Freeman, who appeared in "The Hitchhikers Guide to the Galaxy," plays the character when he was younger.

"The Hobbit: An Unexpected Journey," is set for release on Dec. 14, 2012 and in the second, "The Hobbit: There and Back Again," hits theaters on Dec. 13, 2013. Filming began earlier this year in New Zealand, where the "Lord of the Rings" movies were also shot.

"I'm actually heading down in October," Wood said. "I'm really excited. I love New Zealand so it's always a pleasure to revisit New Zealand. It still very much feels like a home, a second home for me. And the opportunity to come back and work with largely the same crew and creative team and a number of the same actors is really exciting. It feels like a giant family reunion, in a way."

Director Peter Jackson is bringing back familiar faces from the "Lord of the Rings" franchise, including Cate Blanchett, Orlando Bloom and Ian McKellen, who reprises his role as the wizard Gandalf. Entertainment Weekly magazine recently published the first photos of McKellen and Freeman appearing in scenes from "The Hobbit."

Jackson recently said "LOST" actress Evangeline Lilly will be playing a new character, the Woodland Elf, Tauriel.

Nowadays, Wood can be seen on television. He appears in the new FX comedy series "Wilfred," which debuted on Thursday, June 23 and sees him playing Ryan, a man who squabbles with a dog, who he sees as a man in a costume.

The series marks the actor's biggest television role and also stars Chris Klein of "American Pie" fame, who will appear on several episodes. The show is based on an Australian series and Jason Gann, the original show's co-creator, reprises his role as the dog's human persona.

"I don't think I've felt this curious and this excited to see how people will respond to something that I've worked on," Wood told OnTheRedCarpet.com. It's such a unique show. It's a show that kind of has a lot of layers to it. It's extremely funny. The character of Wilfred ... is so hilarious and it's not a very conventional show. I've never been so excited for people to see it."

Reporting by Jacob Burch, correspondent for KABC Television's entertainment show "On The Red Carpet" (check for local TV listings).

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