Baz Luhrmann to do Elvis!

Aussie director Baz Luhrmann is in negotiations with Warner Bros. to helm the studio’s big screen Elvis Presley biopic, reports The Wrap.

Should “The Great Gatsby” helmer take the gig, he would be directing from a script by Kelly Marcel. Marcel penned the recently released “Saving Mr. Banks” and the hotly anticipated “Fifty Shades of Grey” adaptation.

While it is not yet known which stage of the iconic singer’s life the film will document, The Wrap has reported that the pic will not be based on any pre-existing material and that Warner Bros. has already secured the rights to the musician’s full music library.

Gail Berman of Tecumseh Productions will produce while Whalerock Industries’ Andrew Mittman exec produces.

The film remains untitled at this time.

Analeigh goes Viral

Morena Baccarin set for 20th Century Fox’s Spy