The show's producer Marc Platt, book writer Winnie Holzman and songwriter Stephen Schwartz are meeting with filmmakers to hash out a deal for a big-screen adaptation, reports Deadline.
The group is said to be meeting with directors including JJ Abrams, James Mangold, Ryan Murphy and Rob Marshall.
Universal is backing the project.
Wicked is a Wizard Of Oz prequel that is based on Gregory Maguire's novel Wicked: The Life And Times Of The Wicked Witch Of The West.
The tale follows the early relationship between Glinda the Good Witch and Elphaba the Wicked Witch.