Biopic of the Hollywood starlet turned royalty.

Following the likes of ‘My Week with Marilyn,’ ‘The Iron Lady’ and ‘The King’s Speech,’ another 20th century icon is set to receive the biopic treatment. Deadline is reporting that ‘La Vie En Rose’ helmer Olivier Dahan will take the director’s chair for ‘Grace Of Monaco,’ the Arash Amel-penned biopic of Grace Kelly.

The $15 million film will be set in the six month period of 1962 when French leader Charles De Gaulle and Monaco’s Prince Rainier III were at odds over Monaco’s standing as a tax haven. France gave Monaco six months to reform its tax laws, and the situation escalated. By that time, Kelly, age 33 and having given up her acting career to focus on being a full time princess, used her political maneuvering behind the scenes to save Monaco.

Producers are now on the hunt to find the right actress to play the Hollywood star turned princess.