Quvenzhané Wallis made a name for herself by starring in the critically acclaimed 'Beasts of the Southern Wild' and snagging a nice 2013 Oscar nomination for Best Actress in the process, making her the youngest, at 9, to get a nomination. All eyes are on her as she makes her next step into the acting world, and the title role in the upcoming 'Annie' reboot could be where she heads next.

The Smith name is all over this new movie rendition of 'Annie,' based on the classic Broadway musical -- Will and Jada Pinkett Smith are producing this project, and their 12-year-old daughter Willow Smith, of "Whip My Hair" fame, was originally pegged to star, but, as per an announcement by Sony, had to dropout because she outgrew the role.

Now that there's an open spot for the lead, EW reports that 'Beast of the Southern Wild' breakout star Quvenzhané Wallis is being considered to fill in. Though as a studio rep pointed out, no one has made any solid decisions as of yet.

Director Will Gluck, who helmed 'Easy A' and 'Friends with Benefits,' is the latest to be brought on the project, as well as Jay-Z, who's working on the soundtrack. As far as the script goes, Emma Thompson wrote the initial treatment before Aline Brosh McKenna ('The Devil Wears Prada') stepped in for a rewrite.

What do you think about this news? Would you like to see Wallis star as the new Annie? Is it a good step career-wise for her to take? Let us know what your think in the comments.

More From ScreenCrush