The 44-year-old "Blue Jasmine" star is set to helm a physiological thriller titled "The Dinner", the Hollywood Reporter said.
The film, set at a dinner in Amsterdam, will explore the story of just how far some parents might go to protect their loved ones.
Two brothers, one running for prime minister of the Netherlands, must make a tough decision regarding their teenage sons who have committed an unspeakable crime.
Based on Herman Koch's best-selling novel of the same title, the project will be produced by Cotty Chubb. It is unclear if Blanchett will star in the film or not.
She once directed playwright David Harrower's 'Blackbird' and Joan Didion's memoir 'The Year of Magical Thinking'.
Blanchett was last seen in Woody Allen-directed dramedy "Blue Jasmine". Her role as a New York socialite who scrambles to put her life back together after a series of shocking events puts her on the list of nominee candidates for the upcoming Academy Awards.
Her next projects include "The Monuments Men", "The Hobbit: The Desolation of Smaug" & "The Hobbit: There and Back Again" and "How to Train Your Dragon 2".
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