Jon Kopaloff/FilmMagic; Tim Whitby/Getty Images
Dave Karger
November 09, 2011 AT 05:44 PM EST

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As two leading contenders for this season’s Best Actress awards, Albert Nobbs star Glenn Close and Martha Marcy May Marlene breakout Elizabeth Olsen will definitely be seeing a lot of each other over the next few months. And after the awards season ends, the pair will go head-to-head for the period drama Therese Raquin. A source close to the production tells EW exclusively that Close and Olsen will costar in the film, based on the 19th century novel and play by Emile Zola. It’s set to shoot in the spring.

Described as a dark, erotic thriller, the film, set in Paris in 1867, follows young Therese (Olsen), who is forced by her aunt, Madame Raquin (Close), into a loveless marriage to her sick, spoiled first cousin. Therese soon becomes obsessed with her husband’s friend Laurent and is pulled into a devastating affair with him that unravels all of their lives. Close has been attached to the project for years; the role of Laurent has yet to be cast.

Therese Raquin will be directed by Charlie Stratton, who also wrote the screenplay adaptation. The film is being produced by Mickey Liddell (The Grey) and William Horberg (The Kite Runner).

Dave on Twitter: @davekarger

Read more:

The gender-bending ‘Albert Nobbs’ poster

‘Albert Nobbs’ trailer

Meet Elizabeth Olsen — VIDEO

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