Baz Luhrmann could be set to direct 'Kung Fu'.

The 'Great Gatsby' director is reportedly in negotiations to take on the big screen adaptation of the 70s action-adventure western TV series, which is being produced by Legendary Pictures, according to The Hollywood Reporter.

Although it is unknown how far along discussions are, and the company are yet to comment on the project, if Luhrmann were to take on 'Kung Fu' he would be the first to rewrite the script - the current version having been penned by 'Black Swan' writer John McLaughlin - before proceeding.

The original 'Kung Fu' series starred David Carradine as Kwai Chang Caine, a Shaolin monk who travelled to the American West in search of his half brother.

The show - which aired from 1972 to 1975 and gained a cult following which continued to grow once it ceased production - also featured flashbacks to his training as a teenager in which his master referred to hip as ''young grasshopper''.

The current script, which could be changed by Luhrmann, is reportedly set in China, with Caine embarking on a journey to find his father, before ending up in prison where he must fight to survive.