Helena Bonham Carter will also reportedly star in the movie
Kristen Stewart is said to be in talks to join James Franco in Hollywood-based transgender biopic JT Leroy.
Director Justin Kelly, who previously worked with Franco on 2015 movie I Am Michael, will take on the film from a script he wrote.
The Hollywood Reporter reports that as well as Stewart and Franco, Helena Bonham Carter will also appear in the movie.
The film will go behind the scenes of the hoax of JT Leroy, a woman who pretended to be a man and identifies herself as transgender.
In the process, Leroy manages to trick the rich and famous in Hollywood, as well as the world of fashion and elite literary circles.
The biopic will be based on memoir and life rights of Savannah Koop, who was behind the whole scheme.
LBI Entertainment, Aquarius and Franco’s Rabbit Bandini Productions are producing, while Aquarius is providing equity financing. International rights are being sold at the Berlin Film Festival by Fortitude International.
It’s looking like Franco is certain to star in the movie, while Stewart and Carter are currently in negotiations. A 2016 production date has already been proposed.
Stewart was most recently on our screens in Kelly Reichardt’s Certain Women, which premiered at Sundance, while Carter will appear next in Disney’s Alice Through the Looking Glass.
Franco is set to star in the Hulu TV miniseries 11.22.63 and the upcoming comedy Why Him? alongside Bryan Cranston and Zoey Deutch.