John Milton's epic poem Paradise Lost is to be turned into a film, according to industry newspaper Variety.
Directed by Scott Derrickson, the film will tell the story of Lucifer's failed rebellion in heaven and his role in Adam and Eve's fall from grace.
It is being developed by Legendary Pictures, producers of Batman Begins and the forthcoming Superman Returns.
Milton's poem has a "timeless theme" and a "powerful and visual dramatic story", said Legendary's Jon Jashni.
Filming dates and casting details have yet to be finalised, according to Legendary Pictures' Thomas Tull.
"Given the gravity of the source material, it's really important to get it right. It will be ready when it's ready."
Derrickson has some experience of Satanic subject matter, having previously directed The Exorcism of Emily Rose and Hellraiser: Inferno.
Lucifer is also the subject of Daniel Craig's next project. The James Bond actor is reportedly in talks to play the Devil in a film version of Glen Duncan's novel I, Lucifer.