Update: Warner Bros. is closing the deal with Mattel for the Barbie film adaptation, which has cast Margot Robbie in the role of Barbie, Variety reports.

Robbie will also be co-producing under her LuckyChap Entertainment company.

The Barbie film will mark the first announced deal from Mattel’s new film division, Mattel Films, which is led by producer, Robbie Brenner, along with being the first collaboration between Warner Bros. Pictures and Mattel Films.

The original story follows:

Margot Robbie is in talks to star in Mattel’s feature film, Barbie, which is based on the popular household name, according to Variety.

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Source: IGN.com Warner Bros. and Mattel Move Ahead with Barbie Movie, Margot Robbie Cast