Edgar Wright and Johnny Depp are teaming up to adapt Fortunately, the Milk, based on a Neil Gaiman story, in a hot package that is in early negotiations to be acquired by Fox, The Hollywood Reporter reveals.

Wright would helm the film, which is intended to be a live-action/animation hybrid which will have a script by Bret McKenzie, the writer known as being one half of the musical comedy duo Flight of the Conchords.

Depp will star in and produce along with animation house Animal Logic Entertainment (The Lego Movie), which acquired the book out of pocket and packaged it. Zareh Nalbandian will produce for Animal Logic.

Gaiman's children's book is described as "a story of time travel and breakfast cereal." It starts out with a father who goes to the store to buy some milk and returns with wild tales of aliens, space-time travel, pirates and more.

The bestseller originally hit shelves Sept. 30, 2014, via HarperCollins.

The pitch package hit the town Thursday, generating immediate interest.

For Wright, the sale happens just as the filmmaker, who last directed 2013’s The World's End, is in pre-production on Baby Driver starring Ansel Elgort, Lily James and Jon Hamm.

Depp stars as infamous gangster Whitey Bulger in Black Mass, now in theaters. He's got Disney’s Alice Through the Looking Glass and Pirates of the Caribbean: Dead Men Tell No Tales both in post.

Along with starring and writing for Flight of the Conchords, McKenzie wrote the music for The Muppets and its sequel Muppets Most Wanted.