Nightmare Alley: Del Toro (Shape of Water) Next Film to Star DiCaprio

DiCaprio may star in Fox Searchlight’s Nightmare Alley, Guillermo del Toro’s follow-up to his Oscar-winning film The Shape of Water.

Del Toro will direct the pic and co-wrote the script with Kim Morgan. “Nightmare Alley” is being produced and financed by del Toro and J. Miles Dale with TSG Entertainment, with Fox Searchlight acquiring worldwide distribution rights to the film.

There is a 1947 Fox picture, starring Tyrone Power as an ambitious con-man who teams up with a female psychiatrist who is even more corrupt than he is. At first, they enjoy success fleecing people with their mentalist act, but then she turns the tables on him, out-manipulating him.

Del Toro’s film will be more based on the William Lindsay Gresham novel of the same name. After winning Best Picture and Best Director, Del Toro served as producer on the Searchlight movie “Antlers.”

DiCaprio has not been seen in a movie since his Oscar-winning performance in The Revenant in 2015.

His next film, Tarantino’s Once Upon a Time in Hollywood, co-starring Brad Pitt and Margot Robbie, opens July 26.