The 'One That Got Away' singer has been approached by Paramount to appear in the documentary-style project, according to The Hollywood Reporter.
Sources say that Paramount wants to employ the same model it used for Justin Bieber's 2011 film Never Say Never, which grossed more than $98m (£62m) worldwide.
The movie, which will also involve production company Imagine Entertainment, is said to be in the early planning stages. No director has been recruited as of yet.
Perry this week broke a US Pop Songs chart record, after 'The One That Got Away' became her sixth number one from sophomore album Teenage Dream.
The LP is to be repackaged as The Complete Confection and will be released in the US on March 13.
Watch Katy Perry in the video for 'The One That Got Away' below: