Kate Ward
March 21, 2011 AT 08:29 PM EDT

Looks like Rose will rise after all: Universal has confirmed to EW that the studio is in talks to acquire a Gypsy adaptation starring Barbra Streisand, despite reports that the project had been squashed. Apparently, both lyricist Stephen Sondheim and book writer Arthur Laurents are still on board. Warner Bros., the studio reputedly formerly attached to the project, tells EW that they never made a deal for the adaptation. (Reporting by Tanner Stransky)

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Barbra Streisand in talks for ‘Gypsy’

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