Ronald Reagan biopic in the pipeline
The news provider states that the film, which is to be titled Reagan, will be released in late 2011 and chart the president's life from boyhood onwards.
It will be based on two biographies, Paul Kengor's The Crusader and God and Ronald Reagan, with a script written by Jonas McCord.
Co-producer Mark Joseph, who optioned the book in 2006, told the news provider: "This is a great story. I'm just glad no one else in Hollywood thinks so, or they'd have made this film by now."
It is not yet known who will star in the film and a director has not yet been signed up to the project.
James Brolin previously starred as Regan in a miniseries about the former president.
Reagan's own film credits included The Voice of the Turtle, Cattle Queen of Montana, The Hasty Heart and The Killers.