EXCLUSIVE: Even as he continues his festival run with his adaptation of William S. Burroughs’ Queer, Luca Guadagnino looks to have his sights set on another high-profile adaptation. Sources tell Deadline that he is in final negotiations for a new interpretation of the book American Psycho by Bret Easton Ellis for Lionsgate.

Luca Guadagnino is in final talks to direct a new adaptation of "American Psycho" for Lionsgate, the company announced Friday. Scott Z. Burns is writing the new script. Rather than a remake, the new "American Psycho" film will be a new adaptation of Bret Easton Ellis' novel.

The ‘Suspiria’ and ‘Call Me by Your Name’ director has Scott Z. Burns working on a fresh movie script based on the controversial Bret Easton Ellis book.