F1 biopic for Tobey Maguire
Maguire will play F1 legend Phil Hill in The Limit, a drama based on Hill's real-life rivalry with friend and fellow Ferrari driver Wolfgang von Trips.
Their dramatic battle for pole position climaxed in the 1961 season, which will form the backdrop for the film based on the forthcoming novel by Michael Cannell.
Tony Peckham, who penned Guy Richie's upcoming feature Sherlock Holmes, has been brought on board to write the script.
Maguire famously bulked-up to play Peter Parker in the three Spider-Man films.
Spider-Man 4, which will reunite the American actor with on-screen love interest Kirsten Dunst, is expected to land in cinemas in 2011 four years after its predecessor.
Fans of Maguire can next catch him in the forthcoming Brothers, a drama set around the Afghanistan war also starring Jake Gyllenhaal and Natalie Portman.
Brothers is due for release later this year.