The then-shocking love affair and subsequent marriage, divorce and remarriage of Elizabeth Taylor and Richard Burton may be the subject of a Martin Scorsese movie based on the book "Furious Love."

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Paramount Pictures has optioned the biography by Sam Kashner and Nancy Schoenberger, and is finalizing a deal to have Scorsese direct, reported Thursday. The producers -- Julie Yorn, Gary Foster and Russ Krasnoff of Krasnoff Foster Productions -- have secured an agreement with Burton's estate as well as support from his widow, Sally Hay Burton, and hope to obtain cooperation from Taylor's estate as well.

A source at Paramount said the report was accurate but that the studio had no comment. Speculation, however, already has begun as to who would play those real-life roles. Vanity Fair, for instance, has suggestions ranging from the serious (Eric Bana and Natalie Portman) to the frivolous (Justin Bieber and Selena Gomez).