Universal Pictures chairman Adam Fogelson revealed during a recent interview with The Hollywood Reporter that an adaptation of the popular Broadway musical remains a priority for the studio, although it has not yet been officially greenlit.
"Wicked has been an enormous win for this company. The way it works, we should be in agreement together on when the right time to do this is," Fogelson said.
"But I will tell you I believe that we are collectively moving toward Wicked coming to the screen sooner rather than later."
It was rumoured last year that Stephen Daldry, who directed Billy Elliot, had been targeted to direct the film.
Based on Gregory Maguire's novel, Wicked is a Wizard Of Oz prequel focusing on the early relationship between Glinda the Good Witch and Elphaba the Wicked Witch.