Jared Leto will soon be donning the iconic silk pajamas and smoking jacket of the late Hugh Hefner in an upcoming Brett Ratner biopic.

Ratner tells The Hollywood Reporter, "Jared is an old friend. When he heard I got the rights to Hef's story, he told me, 'I want to play him. I want to understand him.' And I really believe Jared can do it. He's one of the great actors of today."

The project has been floated since 2007, when Universal and Imagine Entertainment held the rights (with Ratner at the helm). The rights were then snatched up by Jerry Weintraub for Warner Bros. The project is now at Ratner's RatPac Entertainment after being bought in 2015 following Weintraub's death.

Ratner is also working on rebooting Hefner's late '60's series Playboy After Dark.