Author and director Guillermo del Toro will adapt H.P. Lovecraft‘s horror classic, “At the Mountains of Madness.”

According to i09, the movie will be produced by  Don Murphy (Transformers)  and James Cameron (Avatar). Here’s more from the dramatic post: “Murphy told us that the movie is ‘supposed to shoot in June’ and Tom Cruise is set to star in it, as recently rumored. And he added that the script is very close to the H.P. Lovecraft source material.”

UPDATE: del Toro has left the project and Murphy has retracted his comments listed above.

Read a free version online here. Earlier this year, journalist Daniel Zalewski explored Del Toro’s creative process in a long New Yorker profile. Follow this link to see a glimpse of the surreal and epic adaptation at the magazine’s website.