Speaking during an appearance on web series "The Jasta Show", the son of the hitmaker and "The Talk" host confirmed, "There is absolutely things in motion right now to make (the movie) a reality."
"I think in the next few months, you'll probably see something coming up about it. But we haven't landed (at a studio) yet. So, fingers crossed."
Asked who will play him in the movie, Jack said, "I think the time period I would do it in, I would be a child in it. So I wouldn't be so heavily featured. It's gonna be more about my mom and dad making their way through the world. I would be in the background just being annoying."
Sharon first revealed work was ongoing on a biopic about her childhood and early days with Ozzy, telling Variety, "I don't want to do another rock and roll, sex, drugs and money movie about a musician."
"That's not what I'm doing. There hasn't been a movie about a woman that actually works on the management side - that's a true story - and somebody that succeeds through the struggle and you come out the other side."
In the meantime, the new documentary "Biography: The Nine Lives of Ozzy Osbourne" is set to premiere this summer 2020 on the A&E network, with Jack gushing of the feature, "It's f**king awesome! As much as I love (the 2011 documentary) God Bless Ozzy (Osbourne), this is so much better…"
"I think this does a better job of kind of cramming in his entire life in a two-hour film. We start from childhood and we go all the way up to his recent Parkinson's diagnosis. So it's all in there."