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Cameron tempted the New York Times during an Avatar press junket yesterday by saying,
There’s a Cleopatra project in work, meaning that it’s been in development at Sony. And it’s a subject that’s always fascinated me. So yeah, I’ve been talking to them about it but no decisions have been made. But it sounds hot, doesn’t it? I mean, Angelina Jolie and Cleopatra? To me, that’s like a slam dunk.
Later at the same junket, he told journalists that one of the things that’s stopping him from signing on to the project is that he really wants to jump straight into making the Avatar sequels, but he’s unsure whether it’s too early in terms of the technology needed just yet.