Is Harry Styles playing Elvis Presley in upcoming Baz Luhrmann biopic?

Harry Styles may be slipping into some blue suede shoes.

The "Sign of the Times" singer is reportedly a top contender for Baz Luhrmann's upcoming biopic about Elvis Presley, which will officially announce its lead in the coming weeks.

Styles faces competition from a handful of more seasoned movie stars, including Miles Teller and Ansel Elgort, both of whom have starred in Academy Award-nominated films. That said, Styles has checked off the Oscars box himself: He had a small but significant role in "Dunkirk," which won three Oscars and was nominated for another five in 2018.

The former One Direction singer has also demonstrated during concerts and talk show appearances that he can easily slip into an American accent.

RELATED: Harry Styles' transformation through the years

63 PHOTOS
Harry Styles fashion transformation
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Harry Styles fashion transformation
One Direction (L-R) Liam Payne, Louis Tomlinson, Harry Styles, (with Mentor Simon Cowell) Zayn Malik and Niall Horan during the X Factor Press Conference ahead of the live final on the 11th and 12th of December 2010, London
LONDON, UNITED KINGDOM - DECEMBER 03: Harry Styles from X Factor group '1 Direction' sighted arriving at Fountain Studios on December 3, 2010 in London, England. (Photo by Neil Mockford/FilmMagic)
Harry Styles of boy band One Direction at Fountain Studios in London for the X Factor eviction show. (Photo by Steve Parsons/PA Images via Getty Images)
X Factor's One Direction members Harry Styles (left) and Niall Horan arrive for an autograph signing session at the HMV store, Bradford.
LONDON, UNITED KINGDOM - NOVEMBER 29: Harry Styles from X-Factor group '1Direction', sighted at recording studio in Battersea on November 29, 2010 in London, England. (Photo by Neil Mockford/FilmMagic)
LONDON, UNITED KINGDOM - OCTOBER 12: Harry Styles of One Direction launches their new Nokia handsets at The Carphone Warehouse on October 12, 2011 in London, England. (Photo by Jon Furniss/WireImage)
Four of the five members of One Direction, left to right: Louis Tomlinson, Niall Horan (seated) Liam Payne and Harry Styles at a secret X factor gig, sponsored by Talk Talk, at the Hospital in London. (Photo by Ian West/PA Images via Getty Images)
RIDGMONT, UNITED KINGDOM - NOVEMBER 21: (EXCLUSIVE COVERAGE) Harry Styles launch new album and Black Friday Deals Week at Amazon.co.uk's warehouse at Marston Gate Fulfilment Centre on November 21, 2011 in Ridgmont, England. (Photo by Jon Furniss/WireImage)
EXCLUSIVE TO PRESS ASSOCIATION. Harry Styles of One Direction performs during the BBC Children In Need Appeal 2011, at the BBC Television Centre, Wood Lane, White City, London. (Photo by Ian West/PA Images via Getty Images)
EXCLUSIVE TO PRESS ASSOCIATION. Harry Styles of One Direction performs during the BBC Children In Need Appeal 2011, at the BBC Television Centre, Wood Lane, White City, London. (Photo by Ian West/PA Images via Getty Images)
WOLVERHAMPTON, UNITED KINGDOM - DECEMBER 21: Harry Styles performs at the Civic Hall on December 21, 2011 in Wolverhampton, England. (Photo by Michelle Moore/WireImage)
TODAY -- Pictured: Harry Styles of One Direction appears on NBC News' "Today" show -- (Photo by: Peter Kramer/NBC/NBC NewsWire via Getty Images)
TODAY -- Pictured: Harry Styles of One Direction appears on NBC News' "Today" show -- (Photo by: Peter Kramer/NBC/NBC NewsWire via Getty Images)
TODAY -- Pictured: One Direction (l-r) Louis Tomlinson, Liam Payne, Harry Styles and Zayn Malik appear on NBC News' "Today" show -- (Photo by: Peter Kramer/NBC/NBC NewsWire via Getty Images)
One Direction (from left to right) Harry Styles, Liam Payne, Louis Tomlinson, Niall Horan and Zayn Malik arrive at Radio 1 in London. (Photo by Ian West/PA Images via Getty Images)
LONDON, UNITED KINGDOM - AUGUST 10: Harry Styles from 'One Direction' seen at BBC Radio One on August 10, 2011 in London, England. (Photo by Neil Mockford/FilmMagic)
MANCHESTER, ENGLAND - MARCH 07: (EXCLUSIVE COVERAGE) (EXCLUSIVE COVERAGE) Harry Styles of one Direction signs their new book 'One Direction: Forever Young: Our Official X-Factor Story' at HMV on March 7, 2011 in Manchester, England. (Photo by Shirlaine Forrest/WireImage)
LOS ANGELES, CA - DECEMBER 20: Harry Styles of One Direction attends the season finale of Fox's "The X Factor" at CBS Television City on December 20, 2012 in Los Angeles, California. (Photo by Jason LaVeris/FilmMagic)
NEW YORK, NY - DECEMBER 07: Harry Styles of One Direction performs during Z100's Jingle Ball 2012 presented by Aeropostale at Madison Square Garden on December 7, 2012 in New York City. (Photo by D Dipasupil/FilmMagic)
TODAY -- Pictured: Harry Styles of One Direction appears on NBC News' "Today" show -- (Photo by: Peter Kramer/NBC/NBC NewsWire via Getty Images)
SATURDAY NIGHT LIVE -- Episode 1649 -- Pictured: (l-r) Zayn Malik, Liam Payne, Harry Styles, Louis Tomlinson, Niall Horan of One Direction -- (Photo by: Dana Edelson/NBC/NBCU Photo Bank via Getty Images)
HOLLYWOOD, CA - DECEMBER 19: Harry Styles of 'One Direction' performs onstage on FOX's "The X Factor" Season 3 Live Finale on December 19, 2013 in Hollywood, California. (Photo by Ray Mickshaw/FOX via Getty Images)
LONDON, UNITED KINGDOM - DECEMBER 14: Harry Styles sighted arriving at the Athenaeum hotel on December 14, 2013 in London, United Kingdom. (Photo by JJ/Bauer-Griffin/GC Images)
Harry Styles from One Direction attends the "British Fashion Awards" at The Coliseum. (Photo by rune hellestad/Corbis via Getty Images)
LONDON, ENGLAND - DECEMBER 01: Harry Styles attend the World premiere of "The Class of 92" at Odeon West End on December 1, 2013 in London, England. (Photo by David M. Benett/WireImage)
NEW YORK, NY - NOVEMBER 26: Harry Styles of One Direction performs on ABC's "Good Morning America" at Rumsey Playfield, Central Park on November 26, 2013 in New York City. (Photo by Kevin Mazur/WireImage)
Harry Styles American Music Awards 2014 Los Angeles, CA November 24, 2014 ��Kurt Krieger (Photo by Kurt Krieger/Corbis via Getty Images)
LOS ANGELES, CA - NOVEMBER 23: Harry Styles of One Direction poses in the press room at the 2014 American Music Awards at Nokia Theatre L.A. Live on November 23, 2014 in Los Angeles, California. (Photo by Jason LaVeris/FilmMagic)
MADRID, SPAIN - DECEMBER 12: Harry Styles of One Direction performs on stage during the "40 Principales" awards 2013 ceremony at the Barclaycard Center (Palacio de los Deportes) on December 12, 2014 in Madrid, Spain. (Photo by Carlos Alvarez/Getty Images)
Harry Styles of 'One Direction' attends the '16th NRJ Music Awards 2014' ceremony at Palais des Festivals on December 13, 2014 in Cannes, France. (Photo by Stephane Cardinale/Corbis via Getty Images)
NEW YORK, NY - DECEMBER 20: Harry Styles in Manhattan on December 20, 2014 in New York City, New York. (Photo by Josiah Kamau/BuzzFoto via Getty Images)
SATURDAY NIGHT LIVE -- "Amy Adams" Episode 1672 -- Pictured: Harry Styles of musical guest One Direction performs on December 20, 2014 -- (Photo by: Dana Edelson/NBC/NBCU Photo Bank via Getty Images)
LONDON, ENGLAND - DECEMBER 11: Harry Styles attends the Glam Rock Christmas party to celebrate the collaboration between House of Hackney and Terry De Havilland at The Scotch of St James on December 11, 2014 in London, England. (Photo by David M. Benett/Getty Images for House of Hackney)
LONDON, ENGLAND - DECEMBER 01: Harry Styles attends the British Fashion Awards at London Coliseum on December 1, 2014 in London, England. (Photo by Pascal Le Segretain/Getty Images)
SYDNEY, AUSTRALIA - NOVEMBER 26: Harry Styles of 'One Direction' arrives at the 28th Annual ARIA Awards 2014 at the Star on November 26, 2014 in Sydney, Australia. (Photo by Don Arnold/WireImage)
LOS ANGELES, CA - NOVEMBER 24: Harry Styles seen at LAX on November 24, 2014 in Los Angeles, California. (Photo by GVK/Bauer-Griffin/GC Images)
LOS ANGELES, CA - DECEMBER 04: Recording artists Niall Horan, Harry Styles, Louis Tomlinson and Liam Payne of One Direction arrives at the 102.7 KIIS FM's Jingle Ball at Staples Center on December 4, 2015 in Los Angeles, California. (Photo by Steve Granitz/WireImage)
LOS ANGELES, CA - JANUARY 20: Harry Styles is seen on January 20, 2016 in Los Angeles, California. (Photo by SMXRF/Star Max/GC Images)
LONDON, ENGLAND - OCTOBER 06: Harry Styles (L) and sister Gemma Styles attend the Another Man A/W launch event hosted by Harry Styles, Alister Mackie and Kris Van Assche at Albert's Club on October 6, 2016 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Dazed)
LOS ANGELES - DECEMBER 12: Special guest Harry Styles sits in for James Corden during "The Late Late Show with James Corden," Tuesday, December 12, 2017 (12:35 PM-1:37 AM ET/PT) On The CBS Television Network. (Photo by Terence Patrick/CBS via Getty Images)
TOKYO, JAPAN - DECEMBER 04: Harry Styles is seen upon arrival at Haneda Airport on December 4, 2017 in Tokyo, Japan. (Photo by Jun Sato/GC Images)
SYDNEY, AUSTRALIA - NOVEMBER 28: Harry Styles performs during the 31st Annual ARIA Awards 2017 at The Star on November 28, 2017 in Sydney, Australia. (Photo by James D. Morgan/WireImage)
SHANGHAI, CHINA - NOVEMBER 20: Harry Styles performs at the 2017 Victoria's Secret Fashion Show on November 20, 2017 in Shanghai, China. (Photo by J. Lee/FilmMagic)
SHANGHAI, CHINA - NOVEMBER 20: Harry Styles performs at the 2017 Victoria's Secret Fashion Show on November 20, 2017 in Shanghai, China. (Photo by J. Lee/FilmMagic)
HOLLYWOOD, CA - OCTOBER 21: Singer Harry Styles of One Direction performs onstage during the 5th annual "We Can Survive" benefit concert presented by CBS Radio at the Hollywood Bowl on October 21, 2017 in Hollywood, California. (Photo by Scott Dudelson/WireImage)
NEW YORK, NY - SEPTEMBER 28: Harry Styles performs onstage at Radio City Music Hall on September 28, 2017 in New York City. (Photo by Kevin Mazur/Getty Images for Sony Music)
LAS VEGAS, NV - SEPTEMBER 22: Harry Styles performs during the 2017 iHeartRadio Music Festival at T-Mobile Arena on September 22, 2017 in Las Vegas, Nevada. (Photo by Ethan Miller/WireImage)
NEW YORK, NY - JULY 19: (EXCLUSIVE COVERAGE) Harry Styles visits The Elvis Duran Z100 Morning Show at Z100 Studio on July 19, 2017 in New York City. (Photo by Gary Gershoff/Getty Images)
SAN FRANCISCO, CA - SEPTEMBER 19: Harry Styles performs on the Tour Opening Date at The Masonic on September 19, 2017 in San Francisco, California. (Photo by Steve Jennings/Getty Images for Sony Music)
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0707 -- Pictured: Singer/Actor Harry Styles during an interview on July 19, 2017 -- (Photo by: Andrew Lipovsky/NBC/NBCU Photo Bank via Getty Images)
NEW YORK, NY - JULY 18: Actor/singer Harry Styles attends the "DUNKIRK" New York Premiere on July 18, 2017 in New York City. (Photo by Mireya Acierto/FilmMagic)
DUNKERQUE, FRANCE - JULY 16: Actor Harry Styles attends "Dunkirk" Premiere at Ocine on July 16, 2017 in Dunkerque, France. (Photo by Bertrand Rindoff Petroff/Getty Images)
DUNKERQUE, FRANCE - JULY 16: Harry Styles poses for a photo at the Dunkirk photocall on July 16, 2017 in Dunkerque, France. (Photo by Bertrand Rindoff Petroff/Getty Images)
LONDON, ENGLAND - JULY 13: Harry Styles arriving at the 'Dunkirk' World Premiere at Odeon Leicester Square on July 13, 2017 in London, England. (Photo by Joe Maher/Getty Images)
LOS ANGELES - MAY 18: Harry Styles performs "The Late Late Show with James Corden," Thursday, May 18, 2017 (12:35 PM-1:37 AM ET/PT) On The CBS Television Network. (Photo by Terence Patrick/CBS via Getty Images)
PARIS, FRANCE - APRIL 26: Singer Harry Styles arrives at Gare du Nord station on April 26, 2017 in Paris, France. (Photo by Marc Piasecki/GC Images)
SATURDAY NIGHT LIVE -- "Jimmy Fallon" Episode 1722 -- Pictured: Musical guest Harry Styles performs "Sign of the Times" on April 15, 2017 -- (Photo by: Will Heath/NBC/NBCU Photo Bank via Getty Images)
TODAY -- Pictured: Harry Styles on Tuesday, May 9, 2017 -- (Photo by: Nathan Congleton/NBC/NBCU Photo Bank via Getty Images)
Norway, Oslo - March 21, 2018. The English pop singer Harry Styles performs a live concert at Oslo Spektrum in Oslo. (Photo by: Gonzales Photo/Tord Litleskare/PYMCA/Avalon/UIG via Getty Images).
PARIS, FRANCE - MARCH 13: In this handout photo provided by Helene Marie Pambrun, Harry Styles performs during his European tour at AccorHotels Arena on March 13, 2018 in Paris, France. (Photo by Handout/Helene Marie Pambrun via Getty Images)
NEW YORK, NY - JANUARY 26: Musician Harry Styles speaks onstage during MusiCares Person of the Year honoring Fleetwood Mac at Radio City Music Hall on January 26, 2018 in New York City. (Photo by Dia Dipasupil/Getty Images)
NEW YORK, NY - JUNE 21: Harry Styles performs onstage during Harry Styles: Live On Tour - New York at Madison Square Garden on June 21, 2018 in New York City. (Photo by Kevin Mazur/Getty Images for HS)
NEW YORK, NEW YORK - MARCH 29: Harry Styles and Inductee Stevie Nicks pose in the press room at the 2019 Rock & Roll Hall Of Fame Induction Ceremony - Press Room at Barclays Center on March 29, 2019 in New York City. (Photo by Dia Dipasupil/FilmMagic)
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Already slated for the Presley biopic is Tom Hanks, who will play famed talent manager Colonel Tom Parker, the man largely credited for making the southern crooner a superstar. Parker would manage Presley for two decades.

Few details are known about the scope of Luhrmann's script, but it seems evident from the casting rumors that it'll mostly focus on the singer's younger years. Presley was in his early 20s when he suddenly became a household name with his No. 1 hit "Heartbreak Hotel." That same year, he would make his film debut in "Love Me Tender."

Presley died in 1977 at age 42.

14 PHOTOS
Elvis Presley and wife Priscilla Presley
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Elvis Presley and wife Priscilla Presley
(Original Caption) 5/1/1967-Las Vegas, NV: Elvis Presley gives his new bride, Priscilla Ann Beaulieu, a kiss following their wedding. The bride wears a large diamond on her finger.
(Original Caption) Las Vegas, Nev..Entertainer, Elvis Presley sits cheek to cheek wit his bride, the former Priscilla Ann Beaulieu, following their wedding May 1, 1967.
UNITED STATES - MAY 01: Wedding Photos of Elvis Presley to Priscilla on May 01,1967 (Photo by Michael Ochs Archives/Getty Images)
Portrait of American rock and roll singer Elvis Presley (1935 - 1977) and his girlfriend and later wife Priscilla Beaulieu, 1960s. (Photo by Max B. Miller/Fotos International/Getty Images)
Newlyweds Elvis and Priscilla Presley, who met while Elvis was in the Army, prepare to board their private jet following their wedding at the Aladdin Resort and Casino in Las Vegas.
Priscilla Presley, Lisa Marie Presley & Elvis Presley in Hawaii, California (Photo by Magma Agency/WireImage)
American actress Priscilla Presley, who was married to Elvis Presley from 1967 to 1973, circa 1975. (Photo by Terry O'Neill/Hulton Archive/Getty Images)
American actress Priscilla Presley, who was married to Elvis Presley from 1967 to 1973, circa 1975. (Photo by Terry O'Neill/Hulton Archive/Getty Images)
(Original Caption) Entertainer Elvis Presley leaves Santa Monica California Superior Court after being granted a divorce from his wife Priscilla. The couple had been married six years and in spite of the October 9 divorce proceedings, they appeared very amicable as they left the courtroom.
American actress Priscilla Presley, who was married to Elvis Presley from 1967 to 1973, circa 1975. (Photo by Terry O'Neill/Hulton Archive/Getty Images)
UNITED STATES - JANUARY 01: (AUSTRALIA OUT) USA Photo of Lisa-Marie PRESLEY and Priscilla PRESLEY and Elvis PRESLEY, with his wife Priscilla and daughter Lisa-Marie - c.1970 (Photo by GAB Archive/Redferns)
LOS ANGELES, CA - 1988: Actress and former wife of Elvis Presley, Priscilla Presley, poses during a 1988 Los Angeles, California, break in filming of 'The Naked Gun.' Presley starred with Leslie Nielsen in the three cop spoofs. (Photo by George Rose/Getty Images)
MEMPHIS, TN - MAY 4: Priscilla Presley gives a press conference to announce Elvis Presley's home, Graceland Mansion, will open to the public on June 7, 1982 as a memorial museum on May 4, 1982 at Graceland in Memphis, Tennessee. (Photo by Ron Galella/WireImage)
Priscilla Presley, Chairwoman of Elvis Presley Enterprises, pictured at news press conference to promote Elvis Presley Showtime TV Special, Memphis, Tennessee, USA, 4th January 1985. (Photo by Eddie Sanderson/Mirrorpix/Getty Images)
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