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According to Total Film, the film is to stay true to its Mexican roots and will be shot entirely in Spanish south of the border.
The movie, based on the book The Friends of Pancho Villa, is titled Seven Friends of Pancho Villa and the Woman with Six Fingers and is scheduled to begin production in 2011.
Salma Hayek is also in talks to co-star with Depp once again, as the pair worked together in Blow and Once Upon a Time in Mexico.
Director Emir Kusturica is to helm the project once he has completed his next movie Cool Water, a black comedy featuring a Palestinian stripper.
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