After winning a BAFTA for leading actress and achieving a nomination at this years Academy Awards for ‘An Education’, Carey Mulligan looks like she can do no wrong.

The British beauty who is already set to star in the long awaited Oliver Stone sequel ‘Wall Street: Money Never Sleeps’ opposite Michael Douglas and Shia LaBeouf and taking a leading role in ‘Never Let Me Go’, an adaption of the Kazuo Ishiguro novel, is now rumoured to be starring in Emma Thompson’s remake of the 1964 musical, ‘My Fair Lady’.

At the premiere of Nanny McPhee and The Big Bang which is due out this week, Emma Thompson, speaking to BBC’s 5Live said of her ‘An Education’ co-star, “I think Carey is set to play [Eliza Doolittle], yes,” before speaking about the character of Henry Higgins, adding that she doesn’t yet know if Hugh Grant will accept the part : “I love Hugh so I’d love him to do it, he might want to, he might not want to, so we don’t know yet.”

‘My Fair Lady’ was originally a Broadway hit in 1956, starring Julie Andrews and Rex Harrison and was based on George Bernard Shaw’s play, ‘Pygmalion’ before being adapted into a musical by Lerner and Loewe. The story follows Eliza Doolittle, a cockney flower girl and her transformation from the slums into a high society girl thanks to speech lessons from Professor Henry Higgins. The musical won nine Tony awards before transferring to London’s West End. This success was followed, in 1964 by a film version starring Audrey Hepburn, which scooped eight Oscars, including best director for George Cukor.

Audrey Hepburn is best known for her roles in ‘Breakfast at Tiffany’s’, ‘My Fair Lady’, ‘Funny Face’ and ‘Roman Holiday’, in which she won an Academy Award, BAFTA and Golden Globe for her performance. So with the news that Carey could be stepping into the shoes of the elegant Hepburn, it appears that a star may be being created in front of our eyes. In just a few years she has gone from television roles in ‘Bleak House’ and ‘Doctor Who’ to Hollywood blockbusters such as the new ‘Wall Street’ picture. Along with many people, I have bright hopes for this girl and look forward to watching her for a long time.