Oscar-nominated actor Timothee Chalamet has officially signed on to star in Paul Thomas Anderson's untitled next film, according to multiple industry sources. The project, which is being kept under tight wraps at Warner Bros., is described as a period drama set in 1970s New York City with a production budget north of $100 million.

Chalamet, who recently wrapped filming on 'Dune: Part Three,' has become one of Hollywood's most sought-after leading men. His collaboration with Anderson has been rumored for years, and the pairing has already generated significant buzz among cinephiles and awards prognosticators alike.

Production is expected to begin this fall in New York, with a targeted release date in late 2027. Anderson, known for films like 'There Will Be Blood' and 'Phantom Thread,' has not released a feature since 2024's 'The Battle of Baktan Cross.' Industry analysts are already positioning the project as a major awards contender.