It seems that Guillermo del Toro is always spinning countless plates at any one time, and now another new venture has been confirmed for the hugely popular genre favourite.

With The Shape of Water now out in the US – to be released in February here in the UK – Variety has revealed that del Toro has signed on for Fox Searchlight’s Nightmare Alley remake. The ridiculously talented del Toro will co-write the screenplay with Kim Morgan before then directing the film.

The original Nightmare Alley was released back in 1947, with the Tyrone Power-headlined tale centred on a young con-man who ends up meeting a female psychiatrist who is even more dodgy than he is. From there, the duo at first have some success in teaming together, but it doesn’t take long before the psychiatrist starts to out-manipulate the cocksure fella.