Washington DC, Dec. 10 -- Actor Johnny Depp is set to produce and possibly star in the first-ever English-language film adaptation of Mikhail Bulgakov's Russian literature classic 'The Master and Margarita', reported Variety.

The project, which currently lacks a director, is being produced by Depp's own IN.2 Film shingle in tandem with "Jeanne du Barry" executive producer Svetlana Dali and Grace Loh.

According to the outlet, Dali and Loh will produce with Depp, Stephen Deuters and Stephen Malit.

The project was announced at Saudi Arabia's Red Sea Film Festival as part of its Red Sea Souk market, where Depp and the producers made a surprise appearance on Wednesday.

The Red Sea Fund partly financed Depp's 2023 film "Jeanne du Barry." Th...