Big B is yet to confirm the news but if he has indeed signed the film the 68-year-old superstar will share screenspace with new-age Hollywood icons Leonardo DiCaprio and Tobey Maguire.
Leonardo plays the lead role of Jay Gatsby while Bachchan will reportedly play the role of Meyer Wofsheim in the Rs. 574 crore 3D adaptation of the cult novel by F. Scott Fitzgerald.
The shooting of the film starts in Australia later this week. The film will be distributed by Warner Bros and in certain territories by Village Roadshow Pictures.
Although Big B has neither tweeted about this development nor mentioned anything in his blog, the buzz is that he shall leave for Australia soon to shoot his portions for the film.
This is the second time Bachchan has been offered a Hollywood project. A few years ago, he was all set to share screen space with Johnny Depp in Mira Nair's screen adaptation of Gregory David Roberts' novel Shantaram . But the film was shelved.
Right now, Big B is busy shooting for his hit television show, Kaun Banega Crorepati and may fly down to Australia later this month. Warner Bros recently released the official synopsis of the film, in which protagonist Gatsby sets out to chase the great American Dream.
"Luhrmann will create his own distinctive visual interpretation of the classic story, bringing the period of life in a way that has never been seen before," the official release said.
Luhrmann is known as the acclaimed director of the multiple Oscar-winning Moulin Rouge! and the 2008 epic, Australia . He has been noted for the grand filmmaking style that marks his mega productions. Tobey Maguire will be seen as Nick Carraway and newcomer Elizabeth Debicki will be introduced in a central role.