Suspiria and Bones and All‘s Luca Guadagnino is directing a new interpretation of the 1991 book American Psycho by Bret Easton Ellis for Lionsgate, and news now comes that Austin Butler will star as serial killer Patrick Bateman.

Scott Z. Burns pens the script, which is said to be a new adaptation of the novel and not a remake of the 2000 film by Mary Harron that starred Christian Bale. In the story, “a wealthy New York City investment banking executive, Patrick Bateman, hides his alternate psychopathic ego from his co-workers and friends as he delves deeper into his violent, hedonistic fantasies.”

“We are thrilled to add another elite filmmaker to our upcoming slate,” said Lionsgate Motion Picture Group chair Adam Fogelson in a past statement. “Luca is a brilliant artist, and the perfect visionary to create a whole new interpretation of this potent and classic IP.”

Rumours previously were that Jacob Elordi would play Bateman in the upcoming adaptation, which makes The Bikeriders and Dune: Part Two star Austin Butler a somewhat unexpected choice. However, Elordi will play the Monster in Guillermo del Toro’s Frankenstein, replacing Andrew Garfield.

Butler is also known for his roles in Elvis, Once Upon a Time… In Hollywood, The Dead Don’t Die, and Masters of the Air.