Simon is about to miss with a ’70s classic….

Simon Cowell is set to remake Saturday Night Fever…..We’re dying to hear your thoughts on this.

The 1977 box office hit starred John Travolta Tony Manero, a New York City dance frantic, who is a hit at the local disco but unsuccessful in the rest of his life. Tony goes on to become a featured Broadway dancer — but that’s another movie :)

An unidentified insider tells Britain’s The Sun newspaper that the the sharp-tongued music mogul is in discussions with producer Robert Stigwood, who owns the rights to the screenplay, to update the film.

And you’ll never guess who they want for the lead role — High Schoool Musical’s own Zac Efron!

“Simon has been looking into buying the rights for years and opened discussions with Robert about the remake,” blabs a source. “The charm offensive has been in full swing and they made a breakthrough over the last couple of weeks. Robert was keen to get some assurances the original wouldn’t be completely butchered before he agreed to the deal.”

Award-winning hip-hop producer Timbaland is being courted to rework Saturday Night Fever’s original soundtrack– which featured a host of classic disco classics by The Bee Gees, including “Stayin’ Alive,” “More Than A Woman,” and “Night Fever.”

The album topped the U.S. charts for 24 weeks after it release.

“Simon has been drawing up a list of people he wants to get involved. When that meets Robert’s expectations, the contracts will be signed.”