Ang Lee may direct 3D 'Life of Pi' adaptation

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A film adaptation of Yann Martel's internationally best-selling, Booker Prize-winning 2001 novel Life of Pi may wind up in the hands of Oscar-winning director Ang Lee, according to movie blog Thompson of Hollywood on April 28. Fox is set to decide on whether to green-light the film - planned as a 3D, visual-effects-laden fantasy - by the end of the month.

Fox 2000 acquired the rights to Martel's novel seven years ago and, says Thompson of Hollywood, directors M. Night Shyamalan, Alfonso Cuaron, and Jean-Pierre Jeunet all considered taking the film before Lee.

David Magee ( Finding Neverland) has reportedly finished the screenplay, and locations are being scouted in Taiwan and Pondicherry, India, but no casting has begin.

A budget of more than $70 million is being planned for the elaborate 3D film, which will need to depict a shipwreck as well extensive scenes of a teenage boy sharing a life raft with a zebra, hyena, and tiger.

Fox 2000 president Elizabeth Gabler is reportedly hoping to begin filming in August with the aim of a 2012 release.