Reports suggest that Spanish actress Penelope Cruz has signed on to play a leading role in a film about Gucci heir Maurizio Gucci's life.

Cruz is linked to the role of Gucci's ex-wife, Patrizia Reggiani, who hired a hitman to kill her ex-husband in 1995. Reggiani was arrested in January 1997 and charged with arranging his murder in 1998, given a 29 year jail sentance.

Through health problems, a court shortened her sentance by two years and the 'Black Widow' as she became known in Italian tabloids, was given a chance at parole in 2011, but declined.

The picture is being helmed by Jordan Scott, and Cruz is currently shooting with the young director's father, Ridley, on The Counselor.