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The Australian filmmaker, whose directorial credits also include Legally Blonde and Monster-in-Law, is reportedly working with producer Dino De Laurentiis to take the sci-fi project to a different studio.
"It will be a big intergalactic adventure with a sexy twist," a source told Entertainment Weekly.
A new Barbarella came close to fruition last year under the stewardship of Robert Rodriguez. Rose McGowan was attached to take on the role made famous by Jane Fonda in 1968, but the project collapsed due to an expanding budget.
Movie Reviews
'Extremely Loud & Incredibly Close' reviewTom Hanks features in a long and winding journey through New York after 9/11
At the Movies
David Lynch: 10 reasons to worship himIt's time to celebrate director David Lynch as the BFI screens a season of his films.
Movies Interviews
Max von Sydow 'Extremely Loud' interviewActing legend Max von Sydow on Extremely Loud & Incredibly Close, The Exorcist and Flash Gordon.
Box Office Charts
'The Woman in Black' wins UK box officeThe Woman in Black beats The Muppets and Star Wars at the the UK box office.
