The Harry Potter actress is in preliminary talks with Disney to play the lead role in Kenneth Branagh's live action take on the iconic fairy tale, according to Variety.
If Emma is successful in getting the role, she will star opposite Cate Blanchett, who has already agreed to play Cinderella's evil stepmother.
The latest draft of the script was penned by The Twilight Saga: New Moon director Chris Weitz.
Release date set for 2014
Disney gave the green light to the feature, being produced by Simon Kinberg, following the success of its 2010 live action adaptation of Alice in Wonderland, directed by Tim Burton and starring Johnny Depp.
Actress-and-singer Brandy Norwood played the princess in Disney's made-for-TV musical version of the fairytale produced by Whitney Houston in 1997.
The I Will Always Love You singer also starred in the film as Cinderella's fairy godmother, while Oscar-winning actress Whoopi Goldberg played the prince's mother.
The latest Cinderella movie currently has a release date for 2014 with filming set to start later this year.
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