Based on a book by Neil Gaiman of the same title, "Fortunately, the Milk" is in early talks for an adaptation to be picked up by Fox. Working from a script by Bret McKenzie, Johnny Depp and Edgar Wright may be teaming up to star and direct, respectively.

Intended to combine live-action and animated scenes, the "Fortunately, the Milk" adaptation comes after Wright's work with "The World's End," which came out in 2013. While waiting for details about the adaptation to be finalized, he has "Baby Driver" on pre-production, which stars Jon Hamm, Ansel Elgort and Lily James.

Aside from starring in the adaptation, Depp is also set to produce, working with Zareh Nalbandian from Animal Logic Entertainment, an animation house. For now, Depp can be seen in "Black Mass," where he plays Whitey Bulger, an infamous gansgter. He also has "Pirates of the Caribbean: Dead Men Tell No Tales" and "Alice Through the Looking Glass" in post-prod.

McKenzie is known as one half of Flight of the Conchords. Aside from writing and starring in the musical comedy duo, he is also known for writing music for "The Muppets" and "Muppets Most Wanted." He won an Oscar in 2012 for Best Original Song for "Man or Muppet," which he wrote for "The Muppets."

"Fortunately, the Milk" is described as a novel telling the story of time travel and cereal.

"This is quite possibly the most exciting adventure ever to be written about milk since Tolstoy's epic novel War and Milk," said Gaiman's page about the book.

Released in 2013, "Fortunately, the Milk" starts out with one father stepping out to go to the store to buy milk. When he returns, he brings with him wild tales of pirates, aliens, time-traveling in space, dinosaurs, piranhas and even a Volcano God. Chris Riddell provided the illustrations for the book.

Gaiman has written books for both adults and children. For "The Graveyard Book," he went on to win both the Newbery and Carnegie Medals. Many people will probably best know him, however as the man behind the popular "Sandman" graphic novel series. "Fortunately the Milk" is the latest in his works to receive an adaptation, coming after "Stardust," "Coraline" and "Neverwhere."

Be sure to follow T-Lounge on Twitter and visit our Facebook page.