The 26-year-old 'Edge Of Glory' hitmaker has been approached by the actor-producer to play a love interest of former model rivals Derek Zoolander (Ben) and Hansel McDonald (Owen Wilson) in a follow-up to the cult comedy, reported Sun online.
"Gaga is top of their wish list. She has the talent and attitude - and amazing sense of humour," a source said. Kate Moss, Kate Upton, Heidi Klum and Adriana Lima are also candidates but Wilson, 43, has previously said that Gaga would be the ideal choice.
"Gaga has to be in it. The movie will happen soon. I just saw Ben and I think that people will be happy with some of this new stuff we have," Wilson said.
Stiller also opened up about the new plot recently, saying, "It's 10 years later and most of it is set in Europe. I don't want to give away too much, but it's basically Derek and Hansel 10 years later." Filming is scheduled to star early next year.
Photos: Shah Rukh Khan, Shweta Bachchan at Karan Johar's book launch
Photos: Sunny Deol with sons Karan and Rajvir at Mumbai airport
Photos: 10 beautiful moments that capture winter around the world
Photos: Karisma Kapoor, Preity Zinta, Shraddha Kapoor at Mumbai airport
Spotted: Anushka Sharma and Diljit Dosanjh at Mumbai studio