Academy Award nominee Carey Mulligan has been tapped to play Eliza Doolittle — a role first made famous by Audrey Hepburn — in a upcoming remake of My Fair Lady. The 24-year-old actress – who’s up for a Best Actress Oscar at next month’s Academy Awards — is believed to be in talks with the producers of the upcoming musical movie after fellow British starlet Keira Knightley passed on the role last month.

“The actress has not been formally offered the part yet – and won’t be until Columbia Pictures agrees the film’s budget. Carey and the My Fair Lady filmmakers will keep talking until a deal can be struck,” Daily Mail columnist Baz Bamigboye dished this week.