The Legally Blonde actress has been signed up to play Peter Pan's fairy companion in a brand new film throwing a different light on the whole magical story.
According to the Hollywood Reporter, the Oscar-winning actress will also produce the movie, which is being written by the woman behind the Finding Nemo sequel.
It's thought the Disney flick will retell the classic Peter Pan story from a different angle, like Angelina Jolie did to the Sleeping Beauty tale with Maleficent.
Rather than focusing on Sleeping Beauty Aurora, that movie focused on the fairy who cursed the princess to eternal sleep unless she received a kiss from a prince.
We're rather loving all these live-action Disney movies!
As well as Maleficent, we also had the fabulous Cinderella earlier this year, starring Downton Abbey's Lily James and Game of Thrones' Richard Madden.
Watch Lily and Richard in the clip below: