Barbra Streisand is in talks to portray Rose Hovick, mother of burlesque dancer Gypsy Rose Lee.
The original Gypsy was released by Warner Bros. in 1962, and starred Rosalind Russell and Natalie Wood.
The remake is in the early stages of being set up, with no writer or director yet attached.
The screenplay for Gypsy was based on the book for the 1959 musical "Gypsy: A Musical Fable" by Arthur Laurents, adapted from "Gypsy: A Memoir" by Gypsy Rose Lee. Stephen Sondheim wrote the lyrics for songs composed by Jule Styne with Ethel Merman originating the role of Rose as the take-no-prisoners stage mother.
No production date has been set.