However, Entertainment Weekly further reported on Thursday that the comedians had scrapped the project after it got leaked to the press. "We are deeply disappointed that our planned top-secret project was made public," Ferrell said.
Ferrell and Wiig were cast as a couple who care for a pregnant woman (90210 star Jessica Lowndes) in hopes of adopting her child once it's born. Needless to say (and according the title), things become deadly.
But these two weren't planning on displaying their serious sides. THR reported that the two-hour flick -- executive produced by Ferrell and Adam McKay's Gary Sanchez Productions -- would have been a "wink" at the network's drama genre and in celebration of the 25th anniversary of Lifetime's TV movie empire.
So how awesome would Deadly Adoption have been? Let's not forget when Ferrell and Wiig took the stage for the 2013 Golden Globe Awards and in some ways outdid hosts Tina Fey and Amy Poehler with their comedic quips.
Wiig -- who also starred alongside Ferrell in the sequel, Anchorman 2: The Legend Continues -- has already put her Lifetime movie skills to work in a 30 Rock spoof, A Dog Took My Face and Gave Me a Better Face to Change the World.