The actress, who made her debut in Danny Boyle's Oscar-winning Slumdog Millionaire, has been approached by Indian filmmakers Vikramaditya Motwane and Navdeep Singh to star in a heroine-orientated film.
A source told Mid-Day: "While her films abroad haven't really worked wonders for her career, she has managed to stay in the spotlight thanks to her immaculate dressing sense and her so-called exotic looks. But this film could change her fortunes."
A source close to Pinto said: "Both Vikram and Navdeep felt that Freida would suit the role. She has liked the script and will take a call soon."
Speaking about the possible casting, Singh said: "It is too early to comment."
The actress who has starred in Hollywood blockbusters such as Rise of the Planet of the Apes and The Immortals, as well as the Woody Allen film You Will Meet a Tall Dark Stranger, denied reports that she had shunned Bollywood for Hollywood and says she is proud of her Indian roots.
The 27-year-old hosted a dinner for several Bollywood directors and was reportedly approached by Shoojit Sircar for a role in Madras Café, which finally went to Nargis Fakhri.
Pinto is currently shooting Desert Dancer, the true story of Afshin Ghaffarian, who risked his life to become a dancer in Iran where dance is illegal.