Laurence Fishburne, the actor from The Matrix, will direct, write and star in the £30 million production, which is being made by Harvey Weinstein.
Weinstein unveiled details at the Cannes Film Festival and said it was a project dear to his heart.
He said: “It is a book I have been truly inspired by and I have agreed to personally produce it. The Alchemist is simple and spiritual, and the screenplay will reflect that.
“The book means so much to people on a spiritual level yet there is also a great love story in it. It is an incredibly moving, emotional story.
“I think this story will act as a bridge to the Middle East. In the Middle East, the book has been an overwhelming success.
“That is a world that we need to know more about and extend a bridge to. This movie could be a healer in that region, bringing the West and the East together, especially the Middle East.”
ADDITIONAL INFO BELOW:
http://www.mania.com/weinsteins-set-to-adapt-alchemist_article_58387.html