Emma Watson may be dipping her toes back into a fantasy world with an updated film version of Cinderella.

The Perks of Being a Wallflower star is said to have her eyes on the Disney movie, in which Cate Blanchett has been cast as the evil stepmother and Kenneth Branagh has signed on to direct.

Fairy tale updates are becoming a trend these days... Aside from Universal's update of Snow White - starring Kristen Stewart - Disney has had the Sleeping Beauty-inspired film Maleficent in the works, in which Angelina Jolie plays the title villainess.

Watson will be seen next in Sofia Coppola's Bling Ring, a film about the thieving teenagers who targeted stars like Lindsay Lohan and Paris Hilton a few years ago.