The French-American actress revealed that she has finished writing the film set in New York City, and is hoping to land Woody Allen to star in it.
However, she explained that she isn't sure if it's good enough for Allen to agree to it.
"I wrote a movie, but maybe it's bad," she told The Hollywood Reporter.
"So I have to see. Maybe it's not such a good film. It's called Virgo Rising. It's very funny. But I don't know if I'll do it. I don't know if I'll ever dare to offer him the part."
The 2 Days in New York director added that she has been writing the project for several years.
"I don't know if it's a very good screenplay. I need to really work on it. Right now it's a little messy."
Delpy previously spoke of her admiration for directors Allen and Robert Altman.
Woody Allen is currently working on an as-yet untitled project set in New York and San Francisco, which will star Louis CK, Alec Baldwin and Cate Blanchett among others.