A month ago, word was that Justin Timberlake was #1 on Elton John's wish list to portray the "Benny and the Jets" singer in an upcoming biopic. Now, it sounds like JT is all but signed up for the role, but is awaiting word on a director before he fully commits.

According to E! Online, John's husband and producing partner, David Furnish, said the two music stars have been in serious discussions about the project.

"We're searching for a director," Furnish said. "It's important we all share the same vision ... Elton and Justin have had conversations about it. Justin also says he has to feel comfortable with the director and the director has to be comfortable with Justin. The chemistry is really important. There's no race to make this. We're just going to take the time to make it right."

Timberlake, who popped up on last weekend's "Saturday Night Live" portraying a different musician — Grammy winner Bon Iver — was reportedly eyed
 by John for the role in his biopic after the pair collaborated in the David LaChapelle-directed 2001 clip for John's "This Train Don't Stop Here Anymore."

Timberlake did a dead-on impression of John in that video and has since proven on "SNL" and the big screen to be an excellent mimic and thoughtful actor. Plus, you know, he can sing, so it's possible he could even credibly croon John's songs in a movie to give it that extra bit of believability.

The script for the John biopic is being written by "Billy Elliot" writer Lee Hall, but a director has not yet been announced. John, who has enjoyed one of the most colorful, outrageous and hit-filled careers in pop history, has said that the movie of his life will not be the usual soft-focus look back.

"It's going to be a surreal look at my life, and not just a factual look at my life, more in the manner of a 'Moulin Rouge!' " John said in January. "I just don't want it to be a normal biopic because my life hasn't been like that. And it only goes up to when I go into rehab in 1990. It starts with me going into rehab and ends when I come out."