Los Angeles, California - Celebrated Hollywood duo Leonardo DiCaprio and Martin Scorsese are teaming up for their seventh movie together, and the pair are said to be working on a flick about the legendary Frank Sinatra – but the Titanic star isn't the only Oscar winner rumored to be involved!

DiCaprio has already worked with Scorsese six times, making the gifted actor and the legendary filmmaker perhaps the most famous actor-director duo of the 21st century.

And even though their last collaboration to date – Killers of the Flower Moon – came away empty-handed at this year's Oscars despite ten nominations, the two are clearly still not tired of each other.

As reported by Variety, Scorsese and DiCaprio are venturing into completely new territory for their seventh collaboration, with the film set to be a biopic about Frank Sinatra – one of the most famous singers and biggest stars of the 20th century.

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Scorsese is eyeing none other than Jennifer Lawrence to play the female lead of Ava Gardner, Sinatra's second wife.

It would be her first collaboration with the legendary director, but the 33-year-old has already worked with DiCaprio in front of the camera for Don't Look Up.

The only problem is that Tina Sinatra (75), Frank Sinatra's daughter, manages her father's rights and has not yet given her final approval for the film.

Nevertheless, the biopic is already making waves in Hollywood.

With the big names involved, success seems to be a foregone conclusion.

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Apple would love to work with DiCaprio and Scorsese again after Killers of the Flower Moon, but according to Variety, Sony's film studio currently has the best chances.

Before the Sinatra film, however, Scorsese plans to shoot Life of Jesus, based on the novel by Japanese author Endō Shūsaku.

For the role of Jesus, the 81-year-old is reportedly eyeing British actor Andrew Garfield, with whom he has already worked on Silence.