Guillermo del Toro’s highly anticipated follow-up to his Oscar-winning film The Shape of Water has found its lead.
According to Variety, Leonardo DiCaprio is in negotiations to star in Fox Searchlight’s remake of Nightmare Alley. GDT will direct the pic and co-wrote the script with Kim Morgan. The film will be produced and financed by del Toro and J. Miles Dale with TSG Entertainment, with Fox Searchlight acquiring worldwide distribution rights to the film. The plan is for the film to shoot in the fall as del Toro fills out the remaining roles.
The original 1947 classic starred Tyrone Power as an ambitious young con-man who hooks up with a female psychiatrist who is even more corrupt than he is. At first, they enjoy success fleecing people with their mentalist act, but then she turns the table on him, out-manipulating the manipulator.
Since earning several oscars through The Shape of Water, del Toro took a well earned break from directing, mainly focusing on producing and writing projects.
DiCaprio on the other hand, hasn’t actually been seen in a movie since 2015’s The Revenant, which earned him his first Academy Award for Best Actor. Before Nightmare Alley, he’ll appear in Quentin Tarantino’s next film, Once Upon a Time in Hollywood. The ninth Tarantino film, which also stars Brad Pitt and Margot Robbie and revolves around the Manson family murders, debuts in theatres on July 26.