Hollywood's producer duo Jeremy Wall and Jerry Leider are reportedly trying to bring together two of the most versatile acting talents from the two different world together on the big screen.
Sridevi's manager Punkej Kharbanda confirmed that the actress has been approached, but didn't divulge any detail.
He said: "Yes, the news is true. And we are happy to have received communication about such a prestigious project, but we are not at the liberty to say anything more at this point of time."
The talks are at a nascent stage, but sources close to the film revealed that the film would be titled "Cowboys And Indians" and will be directed by 43-year-old Amy Redford, daughter legendary Robert Redford.
One of the reigning queens of Hindi films in the 1980s and 1990s, Sridevi has given hits like "Sadma", "Chaalbaaz", "Mr. India" and "Chandni". Last year she made a comeback to the big screen after a 15-year break with "English Vinglish" and once again wowed her fans with her performance as a homemaker who tries to learn English so she can kick it off with her children.