It was reported on Friday that Luca Guadagnino is in final negotiations to helm a new film adaptation of Bret Easton Ellis‘ 1991 novel American Psycho for Lionsgate. The first film, released in 2000, starred Christian Bale as Bateman, an investment banker who seemingly leads a double life as a serial killer.

Luca Guadagnino is supposedly set to direct a new adaptation of Bret Easton Ellis' American Psycho. “We are thrilled to add another elite filmmaker to our upcoming slate,” said Lionsgate Motion Picture Group chair Adam Fogelson.

The script for American Psycho, adapted from the Bret Easton Ellis novel of the same name, is being written by Scott Z. Burns (Extrapolations). In a statement, Lionsgate Motion Picture Group chair Adam Fogelson said,