Warner Bros. is closing in on a deal to distribute Baz Luhrmann's adaptation of The Great Gatsby. Nothing is finalized as of yet, but the deal could be sealed as early as Friday.

Leonardo DiCaprio will star as Jay Gatsby, while Carey Mulligan is portraying Daisy Buchannan and Tobey Maguire is set to play the narrator Nick Carraway. Baz Luhrmann will direct from a script he co-wrote with Craig Pearce (Moulin Rouge).

We reported last week that Baz Luhrmann might not be directing The Great Gatsby, although that does not seem to be the case now. Oddly enough, the story stemmed from a direct quote from Baz Luhrmann himself. It seems that everything is falling into place for The Great Gatsby now, though.

It isn't clear when production will start on The Great Gatsby quite yet.