Luca Guadagnino is getting ready for his new take on Patrick Bateman.

Guadagnino appeared in a video segment during Lionsgates presentation at CinemaCon on Tuesday to tease his new feature version of American Psycho that adapts authorBret Easton Ellis 1991 novelof the same name.

We are really working hard to bring to the screen a new adaptation of Bret Easton Ellis American Psycho, a book that I deeply love that is something that influenced me so much, the director said. After confirming that the film has a script from Scott Z. Burns, Guadagnino noted, Hes doing an incredible job. The script is coming out very handsomely. Guadagnino went on to tell the crowd that he is currently in conversation with very exciting performers to play the leads. He said he hopes to return to CinemaCon down the road to debut footage.

American Psycho was previously adapted into a movie from director Mary Herron that starredChristian Baleas lead character Bateman, with Lionsgate releasing it in theaters in 2000. News of the update first broke in October.

The project hails from Frenesy Films and is said to not be a remake of the first adaptation but rather a new take on the novel. Sam Pressman of Pressman Films whose father, Edward R. Pressman, produced the 2000 movie is executive producing the new version.

Guadagninos recent features includeQueer and Challengers, withAfter the Hunt hitting theaters later this year with leads Julia Roberts and Andrew Garfield.

Burns most recently created last years Apple TV+ seriesExtrapolations, featuring an ensemble cast that includes Meryl Streep, Sienna Miller, Kit Harington, Edward Norton, Diane Lane and Daveed Diggs. Burns helmed the 2019 Amazon movieThe Reportand has writing credits that includeThe Bourne Ultimatum.

CinemaCon is the annual event for exhibitors and Hollywood studios that runs this year from March 31 to April 3. It is presented by Cinema United (formerly the National Association of Theater Owners).