Update: Bloody Disgusting is standing by their “100%” confirmation that Portman is starring, however Portman’s publicist says her involvement is nil.

One of the hipper projects in Hollywood is shaping up to be the remake of Dario Argento’s psychedelic horror flick, Susipira, from director David Gordon Green (Pineapple Express, George Washington). Bloody Disgusting just confirmed minutes ago that Natalie Portman will headline the film, which means she’ll hop into ballet slippers and battle a coven of beautiful, gossipy (foreign?) witches.

The actress’s shingle, Handsome Charlie Films, is producing. If you’ve seen the original, you’re probably wondering what the plans are for the soundtrack, but those details haven’t been announced. Here’s what Green told MTV about the project a few months ago…

“Supiria is a classic to me. I want to be scared. I want to be afraid,” he said to MTV. …”It’s an opportunity to take all artistic excellence and be inspired by what was a low budget Italian 70’s gore movie. Where the art world meets the violent and supernatural. I would love to get every geek that loves torture porn and every old lady in line to see ‘Phantom of the Opera’ to come and have this insane experience.”

With its enchanting candy colors and surreal lighting, Dario Argento’s 1977 flick, widely cited as his best work, rivals Jean-Luc Godard’s Pierrot Le Fou for its stained-glass color palette. The story dips into nightmare-logic as we follow an American student at an elite European dance academy who discovers it’s a front for evaaal. Argento’s inventive, deranged use of gore is outmatched by a harrowing, instrumental soundtrack by the band Goblin. While it’s not exactly a perfect film, with time Suspiria has arguably transcended the cult genre.

Discuss: Cool casting, no? How do you feel about Gordon directing this? Who should score the soundtrack?