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The Forgetting Sarah Marshall star will play a rival of Christina Aguilera's character at the cabaret club, according to The Hollywood Reporter.
Cher and Stanley Tucci are also on board to star in the film, playing the club owner and the coach who turns Aguilera's dancer into the main attraction, respectively.
Steve Antin will direct the film for a November 2010 release.
Bell can currently be seen in Universal comedy Couples Retreat.
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