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Jared Leto is set to play Andy Warhol in a new biopic, according to The Hollywood Reporter. The actor will also be co-producing the movie with Michael De Luca, who's behind Oscar-nominated films The Social Network, Moneyball and Captain Phillips (as well as the Fifty Shades of Grey franchise).

Terence Winter (creator of Boardwalk Empire and writer of The Wolf of Wall Street) is penning the screenplay. It will be based on Victor Bockris 1989 book, Warhol: The Biography. Andy Warhol jumpstarted the pop art movement during the '60s, which included famous works like the Campbell's soup cans, Coca-Cola bottles, celebrity portraits and other elements that incorporated pop culture and American consumerism.

Warhol died in 1987. Warhol was previously portrayed by David Bowie in 1996's Basquiat and by Guy Pearce in 2007's Factory Girl.

After Jared Leto's Hollywood comeback with 2013's Dallas Buyers Club, he's been quite selective with his roles. The latest was this summer's polarizing Suicide Squad, where he played The Joker and notably didn't receive much screen time. For art buffs and fans of the prolific artist, this role could solidify Leto's stance as a great actor... if he doesn't rely too much on method acting.

As of now, there is no release date for the Warhol biopic. But Leto joined the cast of Blade Runner 2, which arrives Oct. 6, 2017. In the meantime, watch the actor-singer reflect on his return to acting with his Oscar-winning performance in Dallas Buyers Club: