Is Leonardo DiCaprio The Next 'Hamlet?'

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In the wake of the illustrious The Great Gatsby, Leonardo DiCaprio may reportedly be teaming up with Gatsby director Baz Luhrmann once again -- this time for the ultimate classic Shakespearean tale Hamlet.

PICS: The Great Gatsby World Premiere

Taking on Shakespeare would hardly be anything new for Luhrmann and DiCaprio -- who first worked together in 1996 for the film version of Romeo and Juliet -- one of DiCaprio's first break out roles as a leading man. And now with an American classic like Gatsby added to their resumes, when asked by The Hollywood Reporter what the dynamic duo will work on next, Luhrmann tells THR, "Hamlet. To me, Gatsby is the American Hamlet. What else could we possibly do as a follow-up?"

DiCaprio gives life to the role of F. Scott Fitzgerald's love stricken anti-hero, Jay Gatsby, in the film version of the 1927 iconic novel of the same name, which also stars Carey Mulligan, Tobey Maguire and Isla Fisher.

"It's just a dream at this point," said Luhrmann of the rumors circulating about Hamlet.

If Hamlet manifests into more than a pipe dream, DiCaprio would be joining the ranks of Hollywood legends like Mel Gibson, Laurence Olivier and Kenneth Branagh, who have all reprised the tragic role of the forlorn Hamlet.

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The Great Gatsby is in theaters now.