Young actor Timothée was set to star as the legendary singer in Going Electric, with James Mangold slated to direct.
But now a high-up on the initial project has told that for now it’s on the backburner, and may never get made.
Phedon Papamichael told Collider that the project isn’t on for now, but could be resurrected further down the line.
Phedon has recently been working on The Trial of the Chicago 7 and Ford Vs Ferrari, both of which are set in the 1960s.
He said: “They’re both ’60s movies. I can’t remember what I did before this.
“Oh, we were going to do Bob Dylan with Mangold. That didn’t happen, with Timothée Chalamet about going electric in the ’60s, and it would have been my third ’60s movie in a row.”
When asked if the project would be going ahead, Phedon replied “not right now.”
“I don’t think it’s dead, but it’s a tough one to pull off in a COVID-era because it’s all in small clubs with lots of extras in period costumes, so you’ve got lots of hair and makeup,” he explained.
“So our next project is Indiana Jones 5, actually. Mangold’s doing that.”
The film industry was hit globally amid the pandemic as filming was forced to a grinding halt and cinema-going audiences dried up.
Many films have been delayed, including Daniel Craig’s 007 swan-song No Time To Die.
Marvel’s Black Widow, starring Scarlett Johansson, Florence Pugh and Rachel Weisz, has also been out on ice until the pandemic passes.
Robert Pattinson’s take on Batman has also been shifted back to 2022, though filming continues in Liverpool.
Timothée became a household name after starring across from Armie Hammer in Call Me By Your Name.
He’s since gone on to star in the likes of Little Women and Netflix’s The King.
A trailer recently dropped for upcoming science fiction epic, Dune, in which he plays the lead role.