Eric Bana to play Elvis Presley in "Elvis & Nixon"

(CBS) An unlikely meeting between Elvis and Nixon is going to get the movie treatment, and Eric Bana going to play the King, according to the Hollywood Reporter.

In addition to starring in "Elvis & Nixon," the Hollywood Reporter said that Bana will also act as executive producer through his company, Pick Up Truck Pictures. This is the first U.S. production for Bana's company.

The movie revolves around the Dec. 21, 1970 meeting between Presley and Nixon. Presley had requested a meeting with the former president through a six-page letter, in which he asked to become a "Federal Agent-at-Large" in the Bureau of Narcotics and Dangerous Drugs. The musician presented Nixon with family photos and a Colt 45 pistol during the meeting.

Danny Huston is in talks to play Nixon, the Hollywood Reporter added.

The film marks the first directorial effort from Cary Elwes, best known for his starring role in "The Princess Bride." Elwes will next be seen in "The Adventures of Tintin: The Secret of the Unicorn." Variety said Elwes was fascinated by how this unlikely meeting was able to take place, and decided to make it the subject of his first film. Elwes also wrote the screenplay along with Joey Sagal and Hanala Sagal.