The film is being adapted from the biography by Ron Chernow, with David James Kelly adpating the book. He directed DiCaprio in 2002's "Catch Me if You Can". He won two terms as President as a successor to Andrew Johnson and stabilized the economy along with attempting to remove the last vestiges of slavery, which included working to crush the Ku Klux Klan. Sources told Deadline that production companies Lionsgate and Appian Way, which acquired the film rights to Grant a year ago, see the production of the movie as a priority.
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Spielberg has a few other irons in the fire at the moment too, including the forthcoming fifth movie in the Indiana Jones series, and a new screen adaptation of West Side Story.
As for DiCaprio, he was last seen in The Revenant which finally had him bring home his coveted Oscar.
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Before he was the 18th President of the United States, Grant was Commanding General of the Army, leading the Union Army to victory during the Civil War. However, it is not known when he would fit filming into his schedule, as he already has a number of films on his plate.
DiCaprio's next project is Quentin Tarantino's "Once Upon a Time in Hollywood," set against the backdrop of the 1969 Manson Family murders. He's also expected to reunite with another director he's worked with, in the shape of Martin Scorsese on a project about another president, Theodore Roosevelt.
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Steven Spielberg could be set to make a second biopic movie about a former USA president.