Ronald Reagan's life -- from youth to Hollywood limelight to U.S. president -- will be told in a biopic titled Reagan with a $30 million production budget, according to The Hollywood Reporter.

Reagan is set for release late next year and will be based on two best-selling biographies of the 40th U.S. president by Paul Kengor: "The Crusader" and "God and Ronald Reagan."

The feature film Reagan begins with the 1981 assassination attempt and tells Reagan's story through flashbacks and flash-forwards.

Reagan's childhood is described as "a surreal Norman Rockwell painting with his alcoholic Catholic father, devout Christian mother, Catholic brother and ever-changing boarders the family took in."

Mark Joseph optioned the books four years ago and is co-producing. Jonas McCord wrote the script.

No actors or director have been signed and no production date has been set.