One of Jordan Peele's upcoming projects is a potential star vehicle for Issa Rae that is rooted in psychological sci-fi and horror.

Acclaimed filmmaker Jordan Peele is teaming up with `Insecure` creator and star Issa Rae for `Sinkhole,` an upcoming film from Universal Pictures that will tackle questions of female perfection and identity.

Universal beat out more than 10 studio bidders and multiple talent and filmmaker packages for screen rights in what amounted to a low seven-figure deal. The film will reportedly be an adaptation of author Leyna Krow's short story, which follows a young family that moves into its dream home despite the gaping sinkhole in the backyard. The mysterious sinkhole manages to fix broken and destroyed things. However, the story asks, what if that thing is a person?

Though the project is being developed as a potential star vehicle for Rae, firm casting details and a prospective release date have not been determined. Universal's Senior Vice President of Production Sara Scott will oversee the project for the studio. The film is rooted in psychological sci-fi and horror - which Peele is no stranger to - but also focuses on commentary on the human condition.

Rae has executive produced and starred in a variety of popular film and television projects over the last few years, including `Insecure,' which was nominated for three Emmys.

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#JordanPeele and #IssaRae are teaming up for a new supernatural project with Universal. More on 'Sinkhole' at the link in bio.

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As for Peele, the `Get Out` and `Us` director has become one of Hollywood's most celebrated talents in recent years. Peele, who previously starred in hit sketch series `Key & Peele,` has begun working behind the camera with increasing frequency recently and has executive produced shows such as Amazon Prime Video's `Hunters` and CBS All Access' `The Twilight Zone.` He is also executive producing HBO's upcoming `Lovecraft Country` horror series and highly-anticipated upcoming horror film `Candyman.`