The 27-year-old actress is reportedly in negotiations to take on a lead role in the movie, reported Contactmusic.
The story will follow a long-term married couple, Charlotte (Keaton) and Sam (Arkin), who have been growing apart over the years and decide to host their final Christmas celebration before revealing to their loved ones that they're separating.
However, as their grown children return for the festive season with their own relationship issues, the entire family begin to share memories and Charlotte and Sam start to question their decision to end their marriage.
While Tucker Tooley will executive produce the film with Ron Burkle, and Jason Colbeck.
The film hasn't been given an official release date yet, but it is expected to be finished by the end of 2014.
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