The 'Gossip Girl' actor is reportedly in talks to join a cast including Hailee Steinfeld and Holly Hunter to play Juliet's villainous cousin Tybalt in a Hollywood version of the famous William Shakespeare tragedy.
Although 'True Grit' star Hailee has been cast as Juliet and Holly as The Nurse, it is not yet known which actor will portray Romeo.
Shooting for the movie is set to begin in Italy this summer with a cinema release planned for next year.
Ed - who recently starred in 'Chalet Girl' - may be set to appear in one of the greatest love stories of all time but has said in the past that his busy career stops him from finding romance.
When asked if he was looking for love earlier this year, he said: "No, I'm focusing on my career actually. It takes up a lot of time and commitment."
He said: "It's incredible, it's intoxicating. To fall in love with someone at first sight is fine, but in order to have a working relationship you need to realise that love is just one thing in a whole relationship."