While there has not yet been an official announcement about a film version, Oliver Stone sparked buzz about the project when he attended the musical earlier this year.
A rep for Stone has reportedly confirmed that he’s met with the show’s writers, Joe DiPietro and David Bryan, to talk about the possibility of an adaptation.
Memphis is loosely based on Memphis disc jockey Dewey Phillips, one of the first white DJs to play black music in the 1950s. Since it opened in 2009, the musical has attracted mainly positive reviews, and walked away with four Tony awards at the 2010 ceremony.
Efron, who has previous musical experience, would likely be the safest choice but, if rumours are true, Oliver has his sights firmly set on Timberlake.