Leonardo DiCaprio in Talks to Star in Guillermo del Toro’s ‘Nightmare Alley’ (EXCLUSIVE)

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Leonardo DiCaprio is in negotiations to star in Fox Searchlight’s “Nightmare Alley,” Guillermo del Toro’s follow-up to his Oscar-winning movie “The Form of Water.”

Del Toro will direct the pic and co-wrote the script with Kim Morgan. “Nightmare Alley” is being produced and financed by del Toro and J. Miles Dale with TSG Leisure, with Fox Searchlight buying worldwide distribution rights to the movie.

Whereas there’s a 1947 Fox pic, this movie can be extra based mostly on the William Lindsay Gresham novel of the identical identify. The 1947 film starred Tyrone Energy as an formidable younger con-man who groups up with a feminine psychiatrist who’s much more corrupt than he’s. At first, they get pleasure from success fleecing folks with their mentalist act, however then she turns the desk on him, out-manipulating the manipulator.

The movie shoots this fall as del Toro fills out the remaining roles.

After “The Form of Water” went on to win a number of Oscars, together with finest image and finest director for del Toro, the auteur determined to carry off on selecting his subsequent directing gig, solely focusing his efforts as a producer on the Searchlight film “Antlers.”

DiCaprio has not been seen in a film since his Oscar-winning efficiency in “The Revenant” in 2015, selecting to take a while off earlier than signing on to star in Quentin Tarantino’s subsequent movie, “As soon as Upon a Time in Hollywood.” That pic, which additionally stars Brad Pitt and Margot Robbie, and facilities on the Manson household murders, bows on July 26.

He’s repped by LBI Leisure.

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