Baz Luhrmann is reportedly in talks to direct an upcoming Elvis Presley biopic.

The Great Gatsby filmmaker is negotiating with Warner Bros about the project, although a studio spokesperson would not confirm any concrete details to The Wrap.

Luhrmann's wife Catherine Martin is expected to sign on as a costume designer and production designer if her husband's deal is reached.

Martin has won four Academy Awards for her work with Luhrmann on Moulin Rouge! and The Great Gatsby.

This Presley biographic movie comes from 50 Shades of Grey screenwriter Kelly Marcel.

Warner Bros has reportedly secured the rights to use Presley's music in the upcoming film, but it is not yet known which portion of the music icon's life will be dramatised.