According to Variety, Hayden Christensen is negotiating to join Christina Ricci and Reese Witherspoon in Penelope, and Grosvenor Park has stepped up to co-finance the film with Stone Village Entertainment. Shooting on the under-$15 million film begins in January in the U.K.

The deal marks the first of a series of pics Stone Village and Grosvenor Park will co-finance. They will follow with the John Stockwell-directed thriller "Vegas Heist," planned for a March start in Las Vegas and Mexico.

Penelope is the story of a young woman born with the face of a pig who must break a family curse and find true love in the process. Script by Leslie Caveny is being directed by Mark Palansky.