Baz Luhrmann Reconsidering 'The Great Gatsby,' Will Make A Decision 'By The End Of The Week'

The Great GatsbyThere's little debate that "The Great Gatsby" is one of the great American novels, having inspired numerous film and television interpretations, not the least of which is the Robert Redford-starring film from 1974.

By now, you're probably aware that another "Great Gatsby" adaptation in on the way from director Baz Luhrmann, starring Leonardo DiCaprio as the titular millionaire, Tobey Maguire as mild-mannered narrator Nick Carraway and Carey Mulligan as Daisy Buchanan, Gatsby's love interest.

Except, the movie might not actually be on the way after all. Vulture spoke with Luhrmann at the Director's Guild Awards this past weekend, and the "Moulin Rouge!" filmmaker expressed his uncertainty about the project.

"I gotta make a decision in three days' time," he said, revealing that the decision centers on "whether to do it or not." Luhrmann explained that there would be some official news "by the end of the week," adding that he's feeling "a bit shaded out because I want everything to be perfectly positioned on it."

Well, that's pretty sudden, isn't it? We were just talking less than a month ago about how Luhrmann might shoot "The Great Gatsby" in 3-D, and now comes word that he might not shoot it at all. The director's warning that we'll hear news at the end of the week does little to curb our anticipation, but keep it locked into this space — we'll let you know as soon we know more about Luhrmann's big decision.

Do you think Luhrmann should direct "The Great Gatsby" or pass on the project? Tell us what you think of the news in the comments section and on Twitter!