The 40-year-old star was on a break from filming at the time of his death in a shocking car crash two weeks ago.
And in a poignant tribute to the star, MailOnline can reveal Cody Walker, 25, who has worked as a movie stuntman, is set to take his place in the latest installment of the hit franchise.
Following Paul's death, Universal Pictures announced it was their 'duty' to shut down production - adding they were 'dedicated to providing support to Paul's immediate family and our extended Fast & Furious family of cast, crew, and filmmakers.'
Cremation: The remains of Paul Walker, pictured, were cremated Thursday ahead of a small ceremony on Saturday
'They soon realized they needed someone who looked like Paul to finish the movie and that's when they approached his nearly identical brother, Cody.'
Cody, who lives in Oregon, has been staying with his mother Cheryl in Los Angeles and helping to comfort her since his brother's death, and the source added: 'They can shoot Cody from behind and at distance and if it's a shot they need Paul's face in close up they can CGI it later on.
'If Cody agrees it's because he wants to honor his brother's memory. There are many details that still need to be worked out, but right now the family and cast and crew are all still grieving.'
In addition to this, Universal have also made it clear they will work with the Walker family and take their guidance on a fitting exit for Paul's Fast & Furious character, Brian O'Connor, according to the source.
Today, a spokesman for Universal told MailOnline: 'Right now, all of us at Universal are dedicated to providing support to Paul's immediate family and our extended Fast & Furious family of cast, crew and filmmakers.
'At this time we feel it is our responsibility to shut down production on Fast & Furious 7 for a period of time so we can assess all options available to move forward with the franchise. We are committed to keeping Fast & Furious fans informed, and we will provide further information to them when we have it. Until then, we know they join us in mourning the passing of our dear friend Paul Walker.'
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Brotherly love: Paul Walker and his youngest
brother Cody, 25, give a toast at their brother Caleb's wedding to
Stephanie Branch in October
Smiles: Beaming, the Walker brothers, from left, Cody, Caleb and Paul, pose in the fall sunshine at Caleb's October wedding
Funeral plans: Paul Walker Sr., right, and Cody
Walker, center, were at Forest Lawn Cemetery on Wednesday arranging last
details for Paul Walker's Funeral
This week, The Hollywood Reporter reported that screenwriter Chris Morgan is hard at work on script revisions to director James Wan’s Fast & The Furious 7 with hopes of 'retiring' the character using footage that was shot before Paul passed away in a car accident in Los Angeles on November 30.
The magazine reported that the cast could be back to work as early as January on the sequel, but added: 'that’s a big if.'
Sources told THR that Universal has 'already has poured about $150 million into the film, a bill that its insurance firm, Fireman's Fund, might have to pay in full if Universal concludes the picture must be started anew.'
Meanwhile, the Walker family gathered yesterday as the actor's remains were created ahead of a small funeral service tomorrow.
According to RadarOnline, Paul's body was transferred from the mortuary at Los Angeles cemetery Forest Lawn Memorial Park to a crematory in Glendale, California
The funeral will be held on the weekend and will be a family affair, although it has been reported some of Paul's Fast & Furious co-stars such as Vin Diesel, Michelle Rodriguez and
Tyrese Gibson will attend.
This week it was reported that the Walker family had watched a screening of Paul's last movie, The Hours at a theater in La Canada Flintridge, California, according to US Weekly.
'His family was very stoic. But they enjoyed the film and had a really lovely evening,' said a spokesman.
Paul's 15-year-old daughter Meadow, however, did not attend the screening as she and her grandfather, Paul Walker III, had already viewed the film at this year's Southwest Film Festival.
Earlier this week, the family claimed plastic road markers may have been responsible for the crash that killed the star after stunt experts claimed the 2005 Porsche Carrera GT driven by Paul's friend hit the markers, called Bott's Dots, and careered out of control.
bott's Dots: Paul Walker's family have claimed
that experts have said that road markers called Bott's Dots (circled)
may have been the cause of the crash that killed him
According to TMZ, the family say that experts
have told them the bumps may have caused the car to hydroplane and the
driver to lose control
Heartbroken: Paul Walker in a 2001 shot with his
Fast & Furious castmates, from left: att Shulze, Michelle
Rodriguez, Chad Lindberg, Vin Diesel, Paul Walker, Johnny Strong,
Jordana Brewster and Rick Yune
According to TMZ, sources close to his family said that having visited the site, the experts claimed the bumps may have caused the car to hydroplane, resulting in the driver losing control.
Paul and driver Roger Rodas died on November 30 when their car hit a pole and tree and caught fire in the Los Angeles suburb.
The experts told the family that the car could have lost traction after hitting the bumps, which are used to separate lanes of traffic, and skidded off the road.
The claims come after question marks were raised over the safety of the car itself following the crash.
The Porsche was being driven by the Hollywood star's friend and business partner Rodas.
It has since emerged that car experts have long expressed concern about the souped-up model's suitability for the road, due to its ultra light carbon-fiber frame and 5.7 liter race-derived V10 engine.
It has a flat out speed of 205 miles per hour and its design is derived from earlier Porsche Le Mans models.
Porsche knew of the car's sensitivity when they launched the model in 2004.
According to TMZ, a memo circulated to sales staff said of the GT Carrera: 'This vehicle cannot drive over a Foster Beer can that is lying on its side.'
'You need to be aware of what type of road surface you are on (dips; pot holes, seam heights, etc.)
'The Carrera GT is as close to a racecar as we will ever get, this car has all the disadvantages of a racecar.
Walker is pictured in the car moments before it careered off the road and hit a tree killing him and the driver
Police have revealed that a second man has been charged with stealing a piece of the wreckage of the Porsche that Walker was a passenger in when he was killed.
Anthony Janow, 25, was released on $60,000 bail following the charges.
Prosecutors say that Janow and 18-year-old Jameson Witty stole a roof panel from the wreck as it was being towed away from the site.
The pair could face up to four-and-a-half years in prison for the offense.
Witty, who is also free on bail, was caught on video stealing the T-top roof of the Porsche right off the tow truck and afterwards he even bragged about the heist by posting pics of the stolen wreckage on Instagram.
The wrecked Porsche Carrera GT was being hauled by a flat-bed tow truck hours after the wreck that claimed the movie star and friend Roger Rodas, who was driving the vehicle when it crashed.
The tow truck stopped at a red light and a male jumped out of a car following it to grab a piece of the car – he then hopped back into his car and sped away, according to police.
The tow truck driver immediately reported the theft.
A search warrant was executed on Thursday, and police found the stolen car panel - a part from the sports car's roof.
Witty has since taken to Instagram to apologize for his actions. 'I wanted to say my intentions for the piece I took off the two truck were to make a memorial out of it. Paul was a childhood idol to me and many.
The investigation into the crash that killed both Walker and Rodas is still ongoing.
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