Lily Collins is set to play Audrey Hepburn in a film on the screen icon and the making of her 1961 classic Breakfast at Tiffany’s.

Alena Smith will adapt the script based on Sam Wasson’s bestselling book Fifth Avenue, 5 A.M.: Audrey Hepburn, Breakfast at Tiffany’s and the Dawn of the Modern Woman, the first ever complete account of the making of the film.

The romantic comedy, Breakfast at Tiffany’s was based on Truman Capote’s novella. Hepburn played Holly Golightly, a young New York socialite who becomes interested in a young man new to her apartment building, only for her past to threaten to come between the two. The film was nominated for five Oscars, with Hepburn competing for Best Actress, the film won two, in Score and Song, and entered the U.S. National Film Registry in 2012.

Brian Grazer, Jeb Brody and Justin Wilkes will produce the film on Hepburn for Imagine, with Marc Gilbar serving as executive producer and Joyce Choi overseeing development. Collins, Charlie McDowell and Alex Orlovsky will produce for Case Study Films alongside LaStaiti. Sam Wasson and Brandon Millan will executive produce for Felix Farmer Productions, with Michael Shamberg also exec producing.