According to the Daily Mail's Baz Bamigboye, Jackson's wife LaTanya Richardson Jackson will direct the Broadway production of the August Wilson play when it premieres in 2022.
Following that, a film will be made - although with a different director.
Washington's dad, Oscar-winning actor Denzel Washington, previously revealed he would be producing the film and had tipped Barry Jenkins to helm it. However, it has now been reported that a different director is being lined up to take charge of the movie.
According to BroadwayWorld, "The Piano Lesson" is set in 1936 Pittsburgh and follows "the lives of the Charles family as they deal with themes of family legacy and more, in deciding what to do with an heirloom, the family piano."
The actress, who teamed up with Charlize Theron for "Monster", will star in Chris Sivertson's new movie "Monstrous", which centres on a traumatised woman fleeing from her abusive ex-husband with her seven-year-old son.
The film news comes as Ricci claims her real-life estranged husband, James Heerdegen, started abusing her at the end of 2019.
In a recent restraining order request, she alleged he beat her and spat at her, dragging her by her wrists into their yard and throwing her into a fire pit during a fight last year.
Heerdegen's attorney, Larry Bakman, claims Ricci is the abusive partner, telling TMZ her conduct was "fuelled by alcohol and substance abuse."
But filmmaker Sivertson is thrilled Ricci has signed on for the film despite the life-imitating-art drama.
"Carol Chrest has created an iconic genre character who Christina Ricci brings to life in a mesmerizing and deeply emotional performance," he says.