It’s A Done Deal: Amy Adams Is Playing Janis Joplin!

After years of speculation and false starts, five-time Academy Award nominee Amy Adams will be playing rock icon Janis Joplin.

According to Deadline, Adams, 40, is set to portray the legendary singer. The long-stalled biopic is now close to production.

Adams had signed on the dotted line to play the “Piece of My Heart” singer back in 2010, but the project faced several roadblocks. The project struggled finding both a writing team and a director, reports People.

Jean-Marc Vallée, the director of Wild, is said to be in negotiations to lead the biopic. Vallée worked as the director on Dallas Buyers Club starring Matthew McConaughey. Reports say he wants to re-team with the writers from that project on Joplin’s tale.

Vallée did an IndieWire interview and was asked what future projects he currently had, and he spoke of a secret rock-n-roll project.

“Next year I’ve got a rock-n-roll film happening. I can’t talk about it, though,” he said.

A handful of other directors have been linked to the project, but it appears Vallée is on deck. Indiewire reports that the budget for the project is somewhere between $15-$20 million. Craig Borten and Melissa Wallback, who worked with Vallée on Dallas Buyers Club, are said to have been hired to work on the film’s script.

Ron Terry, who was the executive producer on the TV movie about music legend Jimi Hendrix, wrote the script for Joplin biopic, but Borten and Wallback will re-write it.

Joplin’s story is perfect for a cinematic adaptation. She is regarded as one of the greatest live performers of all time. She has been referred to as the female version of Elvis. Unfortunately, Joplin only held the spotlight for four years. She died at the age of 27 from a heroin overdose, reports Cinema Blend.

Since Vallée has completed work on the film Demolition, Joplin’s film may begin production sooner than predicted. Though Joplin’s biopic has a pretty large budget, Vallée proved while working on Dallas Buyers Club that he can work miracles with a limited budget.

Adams stars in the upcoming Tim Burton film titled Big Eyes. Adam plays painter Margaret Keane, whose work was the center of an art world scandal that involved her husband. Adams will appear on Saturday Night Live to promote the film on December 20.

Though it is far too early to predict, the Joplin project has all of the ingredients to be an Oscar contender in a few years’ time.