Alfred Eisenstaedt//Time Life Pictures/Getty Image
Jeff Labrecque
May 06, 2014 AT 02:41 PM EDT

Every celebrated president eventually gets a Hollywood close-up. Ronald Reagan, of course, had his big-screen debut long before he even imagined the White House, acting in more than 50 films before beginning his life in politics. But a long-in-the-works biopic is finally close to becoming a reality. A $25 million production from Space Cowboys screenwriter Howard Klausner, titled Reagan, will be shopped at this month’s Cannes Film Festival, according to the Hollywood Reporter.

The film doesn’t have a director yet, or a cast — though Jon Voight was once in talks to play the KGB analyst who tracks Reagan’s political ascent, beginning with his tenure as president of the Screen Actors Guild. But producers Mark Joseph and Ralph Winter have partnered with Manifest Film Sales to negotiate international film sales at Cannes. Reagan reportedly already has a domestic deal in place for a wide release and $35 million in prints and advertising.

Klausner’s screenplay is based on two biographies of the president written by Paul Kengor — God and Ronald Reagan: A Spiritual Life and The Crusader: Ronald Reagan and the Fall of Communism.

Joseph’s MJM Entertainment Group and Manifest did not immediately respond to requests for comment.

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