By Maureen Lee Lenker
March 28, 2019 at 07:55 PM EDT

Tom Hanks can’t get enough of playing real-life figures.

After portraying everyone from Mister Rogers to to Ben Bradlee to Captain Phillips to Captain “Sully” Sullenberger, the veteran actor is looking to upgrade to colonel. EW can confirm that Hanks is in talks for a role as Colonel Tom Parker, Elvis Presley’s notoriously controlling manager, in an untitled biopic about the King being developed by Baz Luhrmann for Warner Bros.

The film will mark Luhrmann’s first feature since 2013’s The Great Gatsby, and he has been working on the project with his wife and co-producer, Catherine Martin, since that time.

Cm/Ipa/REX/Shutterstock; Art Zelin/Getty Images

Tracking Presley’s rise and the peak of his success, the film will majorly deal with his relationship with Parker. The real Colonel Parker was a Dutch-born music manager who revived his floundering career when he discovered a young Presley in the mid-1950s. Presley was not yet 18, and Parker began a two-year process of eliminating all other agents and managers in his life to become his exclusive rep. He played an essential role in crafting Presley into a music icon.

The issue of who will portray Presley remains a question mark. The King has been tackled on screen numerous times, including choices obvious (Kurt Russell, Jonathan Rhys Meyers), off-the-wall (Val Kilmer, Michael Shannon), and uncanny (Michael St. Gerard, four times!).

Further details, including a title, release date, and how successful Luhrmann has been in gaining rights to Presley’s catalog and master recordings, remain to be seen.

Variety first reported the news.

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