Summit Entertainment is circling distribution rights for indie coming-of-age drama The Perks of Being a Wallflower, starring Emma Watson and Logan Lerman, according to Variety.

The project is set up at John Malkovich's Mr. Mudd.

The Perks of Being a Wallflower author Stephen Chbosky will direct from his own script.

The Perks of Being a Wallflower, which was published in 1999, is narrated by a shy and unpopular teenager who describes his life by writing a series of letters to an anonymous person and explores the awkward times of adolescence, including drug use and sexuality.