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Among the recent news to come out of Cannes is word that The Weinstein Company has acquired the U.S. distribution rights to Carol, a feature adaptation of Patricia Highsmith's lesbian love story. Cate Blanchett, who played a role in the adaptation of another of Highsmith's stories, The Talented Mr. Ripley, will star alongside Mia Wasikowska in the film, which is set to be directed by Todd Haynes.

Known as Carol and also The Price of Salt, the book, which was originally published in 1952 (written under the pseudonym Claire Morgan), centers on Therese Belivet, a lonely young department store clerk working in New York and stuck in a relationship she's not particularly thrilled with, who falls for customer Carol Aird after the two meet and become friends. News of Blanchett and Wasikowska's involvement in the film actually broke last year, but at that time, John Crowley was said to be directing. This week, THR posted word that Blanchett and Wasikowska will star in the adaptation, which has been written by Phyllis Nagy and will now be helmed by Todd Haynes.

Not only does Blanchett have a connection to the book's author through her role as Meredith in The Talented Mr. Ripley, but she's also worked with Haynes before. She starred as Jude in Haynes' Bob Dylan biopic I'm Not There. While THR doesn't specify who's playing who, the role of Carol is described as in her thirties, which makes Blanchett the likely candidate for that part, with Wasikowska (Stoker) presumably playing Therese.

Filming will start in October in London and New York.

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