Hollywood star Bradley Cooper is in negotiations with Warner Bros to direct the third remake of the romantic drama film "A Star Is Born".

Based on William Wellman’s 1937 film starring Janet Gaynor and Fredric March, the project centres on a fading movie star who helps a young aspiring actress while his own career spirals downward, reports variety.com.

Also, Cooper will be producing the film through his 22 Green banner along with Jon Peters, Billy Gerber and Basil Iwanyk.

Clint Eastwood, who directed Cooper in “American Sniper”, was attached to direct “A Star Is Born” in 2011 with Beyonce Knowles set to star in it.

However, Knowles left the project after becoming pregnant, while Eastwood put it aside for “Jersey Boys”.

It’s unclear if Cooper will star in the film or if Knowles will rejoin the project. Will Smith, Tom Cruise, Leonardo DiCaprio and Christian Bale have all been mentioned at various points for the movie star role.

The latest script was written by Will Fetters, with Cooper expected to revise it.

A Star Is Born” was remade in 1954 by George Cukor with Judy Garland and James Mason and again in 1976 by Frank Pierson with Kris Kristofferson and Barbra Streisand.

Should the deal go through, “A Star Is Born” would mark Cooper’s directing debut.

Meanwhile, the 40-year-old will be seen next in Cameron Crowe’s romantic comedy Aloha opposite Emma Stone and Rachel McAdams.