Emma Watson is in final negotiations to star in a period film adaptation of Beauty and the Beast, provisionally titled "Beast".
Guillermo del Toro, the director behind the darkly fantastical modern fairytale Pan's Labyrinth, will direct Watson in a film version of the classic fairytale.
Beauty and the Beast, which tells the tale of a merchant's daughter who is told that in order to save her father from death she must become mistress of a luxurious castle inhabited by an ugly man-beast, is a classic fairytale which has been passed down through the ages.
Last summer del Toro was reported to have said that Watson was "perfect" for the part of Belle.
Since filming Harry Potter, Emma Watson's film roles have included parts in My Week With Marilyn, and The Perks of Being a Wallflower, which is due for release later this year, and she is expected to star in David Yates' Your Voice In My Head about a suicidal New York woman and the cancer-stricken therapist who saves her life.