Turns out that while Knightley was interested in the project, there was an is no formal agreement for her participation. So while Knightley may in fact be one of the actresses in consideration, it seems she won’t be the only actress. According to reports, the remake will hew more closely to the original “Pygmalion” play than the famous Audrey Hepburn and Rex Harrison film (so why not title the film PYGMALION?…). The good news, I suppose, is that the film will not be modernized in any way and will still be set in 1912 London.