Washington D.C., April 24 -- : Actor Leonardo DiCaprio may soon treat his fans with a new film, as he is in negotiations to star in the upcoming film 'Nightmare Alley'.

The film is being directed by Guillermo del Toro and is the follow-up to his Oscar-winning film 'The Shape of Water', reported Variety.

Toro also co-wrote the script with Kim Morgan. The upcoming film is being produced by del Toro and J. Miles Dale with TSG Entertainment. Fox Searchlight has acquired the worldwide distribution rights to the film.

'Nightmare Alley' will be based on the novel of the same name by William Lindsay Gresham, which was adapted in 1947 into a film that starred Tyrone Power and Joan Blondel. The 1947 film featured Tyrone as an ambitious young con-m...