Anne Fontaine will helm the yet to be titled pic, with French shingles Haut et Court and Cine producing. Films Distribution is handling international sales.
The film, which will focus on Chanel's childhood and early womanhood, was specially conceived with Tautou in mind, said Haut et Court's Caroline Benjo.
"Anne said she would only make a film about Chanel if Audrey was in the lead. They met and both liked the idea."
