Screenwriter Sam Sterling's Shakespeare Goes Bollywood will comprise an international cast that may even include Brad Pitt.
Sterling was prompted to adapt one of the characters for Pitt after reading an article in which the Killing Them Softly star said he "would love to work in Bollywood".
"It's all so exhilarating - who would have ever thought that one day leading Hollywood stars as Tom Cruise, Hugh Jackman, Brad Pitt, amongst others have reportedly expressed their eagerness to act in a Bollywood movie?" said Sterling.
"I have this vision - Brad, with other Hollywood, Bollywood and European stars, dancing with zeal to my original, hip-swerving Bollywood number ('If happiness is what you're seeking...')."
Described as a "zany dramedy-musical" the story follows a Bollywood 'icon' arriving in London who - against all odds - wins the lead role in Shakespeare's Romeo and Juliet at Stratford-Upon-Avon.
While the star brings Bollywood to Shakespeare, he also makes it his mission to return Shakespeare to its 'spiritual' home - Bollywood.
"After all, if Shakespeare was alive today, he would be writing for Bollywood," explains Sterling.
Hollywood stars including Jean-Claude Van Damme, Kristen Stewart and Catherine Zeta-Jones have expressed an interest in working in Bollywood.