Ever the chameleon, Meryl Streep is in talks to play former British Prime Minister Margaret Thatcher in her next film. The movie, The Iron Lady, will be directed by Phyllida Lloyd, who worked with Streep on Mama Mia. Streep reportedly will portray the Prime Minister as she deals with the Falklands invasion of 1982.

No formal decision on casting has been made yet and shooting for the film would not begin until late next year. Jim Broadbent is being considered for the role of Thatcher’s husband, Dennis. –ELENA COX