If the talks go through, the actress will join a formidable star cast of Meryl Streep, Johnny Depp and Chris Pine, the Hollywood Reporter said.
The film will be directed by Rob Marshall, the man behind musicals like 'Chicago' and 'Nine'.
The other big stars interested in the project are Jake Gyllenhaal, James Corden, Emily Blunt, Tracy Ullman and Christine Baranski.
The play is comic retake on the classic fairy tales. The story revolves around a childless baker and his wife who attempt to lift a family curse by journeying into the woods to confront the witch (Streep) that put the spell on them.
In this story, Cinderella is married to a vain prince and described as a woman trying to find her place in the world.
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