Warner. Bros' Tom Hanks.

The actor is in talks to the Baz Luhrmann-directed film, Variety reports. Hanks is to play Colonel Tom Parker, the man who is known for discovering Presley and helping bring him to stardom. He managed the iconic singer's career through Presley's death and even beyond.

Lurhmann, who is also the script's co-writer alongside "The Post."

So far, the actor who will play Elvis has not been cast. Lurhmann hopes to find a newcomer, according to Deadine. The search for the lucky actor is underway.

The project aims to kick off production this year.

[via: Variety]