It’s been a while since Daniel Day Lewis gave the Academy something to gush about. The actor was last seen in 2012’s Lincoln, for which he won an expected Best Actor Oscar—his third, after 1989’s My Left Foot: The Story of Christy Brown, and 2007’s There Will Be Blood. But the perennial winner’s break from the big screen could be ending: he’s in talks to re-unite with There Will Be Blood director Paul Thomas Anderson to make a movie about the fashion industry.

Plot details are still scarce and the project remains untitled, Variety reports, but the film will be set in New York in the 1950s. Lewis “has been loosely attached to the project for some time,” according to Variety—and while Anderson’s reps declined to comment, he’s reportedly still working on the script and interviewing actresses of Eastern European descent.

The project is still in its infancy, but it’s hard not to bask in its Oscar potential. Lewis and Anderson have already proven themselves to be an actor-director dream team—but while Lewis has several statuettes, Anderson has yet to win one. His most recent nomination came last year, when 2014’s Inherent Vice was up for Best Adapted Screenplay. Before that, There Will Be Blood earned him three nominations—all three of which he lost to the Coen Brothers’ No Country for Old Men. Perhaps this project could usher in his turn.

Speaking of Oscars and the fashion industry, just one suggestion: could we please, if at all possible, get Meryl Streep folded in somehow? As we all know, Streep already has some experience acting as a fashion industry bigwig. A movie co-starring these two would be a seismic Oscar magnet—although it would be interesting to see whether she or Lewis got top billing.