The 26-year-old actress has emerged as the top choice to portray the character, who is one of Marvel's most popular female superheroes.
According to Variety, studio bosses are still in early negotiations with Larson, but she is leaning towards taking on the role, which be Marvel's first female-led superhero film.
Emily Blunt and Olivia Wilde were previously linked to play the titular heroine.
While no director is currently attached to the project, "Inside Out" writers Meg LeFauve and Nicole Perlman are currently penning the script.
The long-gestating project is currently slated for release in March, 2019.
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