After months of rumors and talks of remaking 'A Star is Born' with Grammy winner Beyonce as one of the lead stars, there's finally a solid name that could make the film come to fruition.

Deadline.com is reporting that Oscar winning director Clint Eastwood is on board to helm and co-produce the film, with a script by Will Fetters.

The story, about a famed aging, alcoholic musician who mentors/is schooled by and then finds romance with a younger female star, was first done in 1937 with Janet Gaynor and Fredric March. Judy Garland and James Mason starred in the 1954 remake, and Barbra Streisand and Kris Kristofferson were in the 1976 version.

Billy Gerber and Jon Peters, who directed the third version, will serve as the other producers.

There was speculation in early 2010, through the LA Times, that Russell Crowe was once attached to the vehicle, although no male lead has been given the green light at this point.

Shopped around studios for years, many names were tossed around, including a Will Smith/Jennifer Lopez pairing, but nothing was set in stone.

Beyonce has proven that she could be a leading star and bring in audiences, having done so with her last film, 'Obsessed,' which opened at #1 at the box office in 2009 with a take of $28 million despite terrible reviews.

The question many will wonder is whether this new version's male lead will be Black or White?