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Film markets are a very interesting part of the industry. While these markets often try and promote movies that end up going nowhere, there are always a few projects announced that we hope we get to see in the future. With the European Film Market currently underway, we've been introduced to one such project, and this one may have an all-star lineup of talent attached to it.

Deadline exclusively reported that one of EFM's buzziest reveals is that of "The Semplica Girl Diaries," a feature adapted from the 2012 short story by George Saunders. Richard Ayoade is currently slated to adapt the story, marking his long-awaited return to the director's chair after 2013's criminally underappreciated "The Double." However, this is far from the most interesting aspect of this new production package. While details are still coming together as of this article's publication, here is what we can currently gather about "The Semplica Girl Diaries.

Although he delivered quite a memorable performance as a director in Joanna Hogg’s The Souvenir series, it’s been a decade since Richard Ayoade actually last directed a film. Following 2010’s Submarine and 2013’s The Double, he’s now finally returning with a new feature and the first details have been unveiled.

Deadline reports Ayoade will direct, star in, and has co-written with George Saunders an adaptation of his New Yorker short The Semplica Girl Diaries. Also starring Ayoade’s wife Lydia Fox, with Ben Stiller, Jesse Eisenberg, and Sally Hawkins in talks to join the ensemble, the 2012 short story follows a suburban father who buys an elite status symbol outdoor decoration called Semplica Girls. It’s then revealed these “decorations” are actually poor young women from other countries.

See the full synopsis below for the project that will be sold by Cornerstone Films at EFM.

Family man Lloyd Turner...

Exclusive: BAFTA winner Richard Ayoade (The It Crowd) has been set to direct and stars in The Semplica Girl Diaries, written by Ayoade and Booker Prize-winning author George Saunders.

Ayoade and Lydia Fox (The Souvenir 1 & 2) will lead cast and we hear from sources in the market that there are early talks with A-list U.S. and UK talent including Ben Stiller, Jesse Eisenberg and Sally Hawkins. None are signed on yet.

Adapted from the story of the same name, which was originally published in The New Yorker, the film is set in a near-future world in which real-life ‘Semplica Girls’ are imported from impoverished countries across the globe to serve as decorative items for the wealthy.

Cornerstone Films is handling world sales and is launching for this week’s EFM.

The movie is a House Productions / Alcove Entertainment production and is produced by Tessa Ross and Juliette Howell (The Wonder...

He's the It Crowd über-geek who has been labelled the 'coolest man in London'. Now Richard Ayoade has made his first feature film. But it's not something to boast about, he tells Alexis Petridis

The man the NME once referred to as the coolest in London sits in the Soho offices of a film distribution company, wearing a blue polka-dot shirt and an expression of absolute mortification. The offices are at his disposal because they're working on his directorial debut; the expression stems from the fact that I've just told him about that NME accolade. "When did that happen?" frowns Richard Ayoade. "Right. Well, that's an error. I've no idea why they would think that. That does seem to be a category error. That's all I can say about that."

But then again, it swiftly transpires that being mortified is very much Richard Ayoade's thing. He seems embarrassed by...