Ryan Gosling and Emma Stone are both circling the romantic musical La La Land. We first reported on the project back in June 2014, when Miles Teller and Emma Watson were attached to star, but Miles Teller has moved on and Emma Watson was forced to drop out due to her commitment to Disney's Beauty and the Beast. No deals are finalized for Ryan Gosling and Emma Stone quite yet, but Deadline reports that all parties are trying to make this happen.

The story centers on the budding romance between a jazz pianist and an aspiring actress in modern-day Los Angeles. While both quickly fall for one another, they discover how difficult it is to maintain a relationship along with their artistic endeavors. If both stars sign on, the plan is to move forward and start production sometime this fall. The project would also mark the third movie Ryan Gosling and Emma Stone have starred in together, following Crazy Stupid Love and Gangster Squad

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The project will mark writer-director Damien Chazelle's follow-up to his critically-acclaimed Whiplash, which was nominated for a Best Picture Oscar, although the filmmaker actually wrote the script for La La Land before Whiplash. Jordan Horowitz (The Kids Are All Right) is producing alongside Fred Berger (Taking Chance). Ryan Gosling recently made his directorial debut with Lost River and he will next be seen on the big screen in The Nice Guys. Emma Stone starred in Best Picture winner Birdman and she will next be seen in Aloha and Irrational Man.