If you’re wondering what could possibly be next for Martin Scorsese, then you know it could be one of a bevy of projects talented director eternally has at his fingertips; it could be Silence, or perhaps The Irishman, or maybe, just maybe, he’ll finally get around to directing the long-rumored biopic of legendary singer and actor, Frank Sinatra; a scenario seeming more plausible with the news that Universal has just hired Billy Ray (The Hunger Games, State of Play, Flightplan) to write a new screenplay for Sinatra.

Deadline were the first to report on Ray’s hiring, however, Phil Alden Robinson (Field of Dreams) was originally hired to write the Sinatra screenplay and there’s no word if that’s been scrapped or Ray is working off that. Either way, Ray is now at the helm.

According to /Film, the writer has been quite busy himself lately; after the success of The Hunger Games, Ray was hired to write a secret project with J.J. Abrams, The Thin Man, Pan, and even the 24 movie – sounds like a hectic schedule, but since Scorsese is currently shooting The Wolf of Wall Street with Leonardo DiCaprio, and will be working on the film for at least a year or so, there’s plenty of time.

As for when the project might happen, it seems most likely to be based on Ray’s script. If Scorsese and the studio like the screenplay, odds are it could start filming at some point in 2013. If they don’t, it could be destined for the shelf and lined up for rewrites. But at least it seems the project is finally moving forward somewhat, with this being the first significant update on this highly anticipated hypothetical film in some time.

Next, we need an actor to play Ol’ Blue Eyes. Johnny Depp, perhaps? Channing Tatum? Someone else?

Who would you like to see play Frank Sinatra?