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Catherine Zeta-Jones and Angelina Jolie. Image Credit: Rex Features

Angelina Jolie and Catherine Zeta-Jones are reportedly being considered for playing Elizabeth Taylor in a new biopic.

According to industry sources, Russell Crowe, Clive Owen and Colin Farrell have been lined up to play Taylor's husband Richard Burton, reports telegraph.co.uk.

Oscar-winning American director Mike Nichols reportedly wants to make the film, based on the book Furious Love: Elizabeth Taylor, Richard Burton, and the Marriage of the Century.

Writers Sam Kashner and Nancy Schoenberger were given unprecedented access to a series of love letters written by Burton to Taylor during the course of their two marriages.

And if reports are to be believed, both Jolie, 35, and Zeta-Jones, 40, who recently reprised a Taylor role in A Little Night Music, had expressed an interest in playing Taylor.