The flick is being made by Artina Films and will see Lane starring alongside Julianne Moore and Greg Kinnear if he agrees to take part, according to Variety.
Moore is playing the role of high school English teacher Linda Sinclair, who is shocked to find a former star pupil has come back to their small town after failing to make it as a playwright in New York.
It's claimed Lane will take on the role of a drama teacher who is asked by Moore's character to help her with a play.
The movie is set to start shooting in Gotham in October.