Austin Butler has been slated to star in Luca Guadagnino’s new interpretation of the novel American Psycho by Bret Easton Ellis for Lionsgate, according to a Variety report.

Despite rumours that Jacob Elordi was being eyed for the starring role, Butler came through in the end.

The film, which features a script from Scott Z. Burns, will reportedly not be a remake of the 2000 film, but a new adaptation of Ellis’ book.

In the original movie, which was released in 2000 and is set in the 1980s, Christian Bale stars as Patrick Bateman, a Wall Street yuppie and serial killer. Through the lens of Guadagnino, best known for Call Me By Your Name and Challengers, the new take on the book could have a larger erotic emphasis than the original horror satire. While Butler is attached to play the lead role, Guadagnino might have interpreted the character of Patick Bateman in a much different way than its previous incarnation.

Guadagnino recently wrapped shooting After the Hunt, which stars Julia Roberts and Andrew Garfield. He’s received a number of Golden Globes nominations for his films Queer and Challengers. Daniel Craig (Queer) was nominated for best actor, while Zendaya (Challengers) received a nod for best actress. Challengers was also nominated for motion picture (musical or comedy) and music.