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The proposed story is said to follow the band during the years after their split, with Gary Barlow, Howard Donald, Mark Owen and Jason Orange struggling to find solo success away from the group.
"The boys thought it would be a great idea. It is something they have thought about doing but never got the idea off of the ground. It is still supposed to be very hush-hush, though," a source told The People.
"The reunion will be the best bit. Take That have been huge since they got back together."
It is not known whether former bandmate Robbie Williams will team up with the group for the project.
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