By David Salazar | First Posted: Jul 19, 2012 12:32 AM EDT

Hugh Hefner along with his girlfriend Holly Madison (L) and Bridget Marquardt and Kendra Wilkinson (R), stars of the comedy film "The House Bunny", pose at the film's premiere in Los Angeles August 20, 2008. (Photo : REUTERS/Fred Prouser)

Playboy icon, Hugh Hefner, will finally get his day on the silver screen.

Academy Award Nominee scribe Peter Morgan is currently in negotiations to pen the Hugh Hefner biopic that producer Jerry Weintraub is developing at Warner Bros. The Hefner project, originally developed by Brian Grazer' Imagine Entertainment, moved over to Warner Brothers earlier this year.

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Morgan, who was nominated for the Oscar for his scripts "The Queen" and "Frost/Nixon", met with Hefner on Tuesday where they discussed the film's plans. Hefner commented about the meeting on Twitter where he stated "I had a good meeting today with screenwriter Peter Morgan discussing a film about my life."

Hugh Hefner is the founder and chief-creative officer of Playboy Enterprises. He is also a publisher for the magazine.

Morgan most recently wrote Fernando Meirelles "360" which opens in theaters August 3rd and is currently working on Ron Howard's upcoming film "Rush." Morgan is also known for having written "The Last King of Scotland," and "The Damn United."  He is represented by UTA and Independent Talent Group.

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