Paul Thomas Anderson is set to reunite with the actor Daniel Day-Lewis for a new film about the New York fashion industry.

According to Variety, Day-Lewis, who starred in Anderson’s There Will Be Blood in 2007, has been attached to the project for some time. It will be his first big-screen role since 2012’s Lincoln, which won him his third Oscar.

Little is known about the plot, reported to be set in the 1950s, but Anderson is rumoured to be working on the script while meeting female actors of eastern European descent for supporting roles.

Paul Thomas Anderson, everything you need to know in one handy infographic
The Inherent Vice director made his first feature film when he was just 23 and has already had six Oscar nominations
Anderson’s last project was the 2015 documentary Junun, which saw Radiohead’s Jonny Greenwood travel to India and work with a variety of musicians. He also directed the video for a Radiohead song, Daydreaming, in May. The director has been working on rewrites for a live-action take on Pinocchio starring Robert Downey Jr.

There Will Be Blood, the pair’s only other collaboration, picked up Oscars for best actor and best cinematography.